The Rosen Law Firm was sole Lead Counsel in this consolidated class action in the U.S. District Court for the Central District of California. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising the issuance of false statements concerning the Company’s true financial condition. The parties agreed to settle this action for total consideration of $2.7 million, comprised of $700,000 in cash and $2 million in stock.
