PSG Shareholder Suit Settlement Moves Forward
The $13 million settlement reached last Dec. in the long-running class action filed by the Plumbers & Pipefitters National Pension Fund against former Performance Sports Group CEOs Kevin Davis and Amir Rosenthal, has now received preliminary approval. The funds, to be paid by bankrupt PSG’s insurer, will cover lawyers’ fees and expenses and compensation for anyone that purchased the company’s common stock from Jan. ... Log in to view full article.
