Shareholders who purchased Tripath stock between January 29, 2004 and June 13, 2005 filed a class action lawsuit alleging securities fraud. Under the terms of the proposed settlement the class action will be dismissed in exchange for a payment of $200,000 in cash by Tripath and the issuance of 2.45 million shares of Tripath common stock. (Jul-12-05)
[BUSINESS WIRE]
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