TASER International, Inc.

Shareholders filed a class action against the electronic control devices company alleging securities fraud. The case was filed on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of TASER International, Inc. between November 4, 2004 and January 6, 2005. Under the terms of the class action settlement, all claims against the company and individuals named as defendants will be dismissed without presumption or admission of any liability or wrongdoing. In return, TASER International will pay $20 million to shareholders; $4.1 million from insurance proceeds, $7.9 million in company cash and $8 million in company stock or cash. (Aug-09-06) [PRIMEZONE]