Gridsum Holding Inc.'s $4.5 million settlement with investors over accounting and tax issues has received final court approval, closing one chapter as the data analytics company continues to face an SEC enforcement action.
Judge Gregory H. Woods approved the class action settlement, and $1.5 million in attorneys’ fees, in orders docketed Thursday in the US District Court for the Southern District of New York.
The resolution comes as the Securities and Exchange Commission is getting closer to a possible default judgment against the software company, its founder, and his wife in an insider-enrichment case before a different judge in ...
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