Merit Medical Investors Want Final Nod for $18.25 Million Deal

Merit Medical Systems Inc. investors who say it misled them about its purchases of two medical device manufacturers asked a federal judge in California to sign off on their $18.25 million settlement.

The cash deal recovers between 12% and 55% of maximum realistic damages if the case were to go to trial, the disposable medical device maker’s investors said in a memo filed as part of their final settlement approval bid in the U.S. District Court for the Central District of California.

In reaching a settlement, the investors “considered the many costly milestones that remain in this litigation,” the Wednesday ...