Danaher Settles Investor Suit Over Projections for $173 Million
Danaher Corp. has agreed to a nearly $173 million class settlement with investors who accused the company of misrepresenting demand for its Covid-19 testing and vaccine equipment as the pandemic subsided. The shareholder leading the lawsuit described the deal as fair and seeks preliminary approval from the U.S. District Court for the District of Columbia. If approved, it would be the largest federal securities fraud class action recovery in the D.C. Circuit since the Private Securities Litigation Reform Act was enacted in 1996.
https://news.bloomberglaw.com/securities-law/danaher-settles-investor-suit-over-projections-for-173-million