The U.S. District Court for the District of Nevada Oct. 19 gave final approval to a $12.5 million settlement of an investor securities fraud action against gaming concern International Game Technology Inc. (IGT) and certain of its officials (International Brotherhood of Electrical Workers Local 697 Pension Fund v. International Game Technology Inc.).
Judge Miranda M. Du also awarded plaintiffs’ attorneys’ fees of 25 percent of the settlement amount, attorneys’ costs of $196, 134.16 and costs to lead and named plaintiffs of about $10,000.
IGT specializes in design, manufacturing, distribution, and sales of computerized gaming equipment, software, and network ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.