Berman DeValerio Pease & Tobacco: Itron Shareholder Plaintiffs Announce Settlement of Shareholder Class Action Lawsuit.SEATTLE--(BUSINESS WIRE)--June 3, 1999-- Plaintiff shareholders of Itron, Inc. announced today that they reached an agreement to settle a securities class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax filed against Itron, Inc. and Johnny Humphreys, Itron's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . The lawsuit will be settled by a payment to the plaintiff class of $12 million. The lawsuit was brought on behalf of those who had purchased the common stock of Itron, Inc. between September 11, 1995 and October 22, 1996. Joseph J. Tabacco, Jr., of Berman DeValerio Pease pease n. pl. pease or peas·en Archaic A pea. [Middle English; see pea. & Tabacco, P.C., one of the lead counsel for the shareholder plaintiff class, remarked that "this case illustrates the value of prosecuting class actions brought on behalf of investors." Steven J. Toll, from the Seattle firm of Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. Milstein Hausfeld & Toll, P.L.L.C., the other lead counsel in the case, commented that "we are pleased that the settlement results in a recovery now for class members and avoids the uncertainty of a prolonged trial." The firms of Cohen Milstein Hausfeld & Toll, P.L.L.C. with offices in Seattle and Washington, D.C., and Berman DeValerio Pease & Tabacco, P.C. with offices in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Boston, specialize in representing investors and consumer in class action lawsuits. |
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