Brief: Tile Shop Holdings on Jan. 19, 2017, U.S. District court issued order preliminarily approving stipulation of settlement
20/01/2017 14:23
Jan 20 (Reuters) - Tile Shop Holdings Inc TTS.O :
* Tile Shop Holdings Inc - on Jan 19, 2017, u.s. District
court issued order preliminarily approving stipulation of
settlement - sec filing
* Tile Shop Holdings Inc - stipulation of settlement was
entered on January 13, 2017 between company, other defendants
and plaintiffs - sec filing
* Settlement amount is $9.5 million, to be used to pay
claims of all authorized claimants and certain other fees and
expenses
* Tile Shop Holdings - co to contribute about $5 million of
settlement amount of $9.5 million
* Remainder of $9.5 million settlement amount will be paid
by company's D&O primary insurance carrier
Source text (http://bit.ly/2iSAnyq)
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