Undisclosed Securities Class Action Settlement Reached In Suit Against Siemens

Undisclosed Securities Class Action Settlement Reached In Suit Against Siemens

NEWARK, N.J. - Without providing any detail, a federal judge in New Jersey on Sept. 26 issued a one-page order dismissing a securities class action lawsuit against Siemens Hearing Instruments Inc. (SHI) for alleged violations of federal securities law in order to allow for a settlement agreement to be finalized (MTB Investment Partners LP v. Siemens Hearing Instruments Inc., No. 12-0340, D. N.J.).

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