A $19 million class settlement benefiting participants in Advanced Diagnostic Group’s employee stock ownership plan received final court approval, as did an award of more than $6.3 million in attorneys’ fees.
The deal, which is slated to provide gross payments of more than $100,000 to 185 people who received distributions from the Advanced Diagnostic stock plan, represents between 22% and 28% of the participants’ maximum estimated damages, according to the settlement motion.
Judge Tom Barber of the US District Court for the Middle District of Florida granted final approval to the deal in a Tuesday order, following the ...
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