Irvine Sensors (AMEX:ISC)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Irvine Sensors Charts. Click Here for more Irvine Sensors Charts.](/p.php?pid=staticchart&s=A%5EISC&p=8&t=15)
Final Court Approval of Irvine Sensors Class Action Settlement
Issued Today
COSTA MESA, Calif., June 7 /PRNewswire-FirstCall/ -- Irvine Sensors
Corporation (NASDAQ:IRSNNASDAQ:BostonNASDAQ:StockNASDAQ:Exchange:NASDAQ:ISC)
announced that the Court today issued an Order and Final Judgment approving the
settlement of class action lawsuits that had been filed in 2002 against it,
certain of its current and former officers and an officer of one of its former
partially owned subsidiaries, Silicon Film Technologies, Inc. ("SFT"), in
connection with development, production and marketing activities by SFT. The
settlement was reached without any admissions as to the merits of either
plaintiffs' or defendants' positions. The amount of the settlement, $3.5
million, was within insurance coverage limits and has been paid entirely by
Irvine Sensors' insurance carrier.
Irvine Sensors Corporation, headquartered in Costa Mesa, California, is
primarily engaged in the sale of stacked chip assemblies and research and
development related to high density electronics, miniaturized sensors and
cameras, optical interconnection technology, high speed routers, image
processing and low-power analog and mixed-signal integrated circuits for
diverse systems applications.
DATASOURCE: Irvine Sensors Corporation
CONTACT: Investor Relations of Irvine Sensors Corporation,
+1-714-444-8718,