Lowrance Settles Stockholder Class Action
Lowrance announced today they have settled the stockholder class action lawsuit brought about in opposition to the merger with Simrad Yachting. Under the agreement in principle, Lowrance and Simrad Yachting would be released from all claims relating to the merger. Lowrance agreed to include additional disclosures with the SEC and not oppose a fee application by plantiff’s attorneys fees of #325,000.
