Merge settles lawsuit

Erik L. Ridley
Mar 6, 2008

Healthcare IT and advanced visualization developer Merge Healthcare has forged an agreement with the plaintiff and other defendants in a derivative action complaint against the Milwaukee-based firm.

The agreement provides for the settlement, release, and dismissal of all claims put forward by the plaintiff, but the company has not released any claims against its former officers. In exchange, Merge Healthcare will make a one-time cash payment of $250,000 to the plaintiff for legal costs.

Merge also announced that it has received $1 million in cash from its liability insurance carrier for reimbursement of legal expenses in connection with the suit.

Related Reading

Merge releases TeleRead software, March 5, 2008

Merge posts big Q3 loss on goodwill charges, February 21, 2008

Merge announces staff cutbacks, February 15, 2008

Nasdaq council stays trading suspension of Merge stock, January 29, 2008

Merge files Q2 financial report, December 28, 2007

Copyright © 2008 AuntMinnie.com

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