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Thursday
Dec102015

Court Grants Final Approval of Invacare, Corp. Class Action Settlement

CWP&G is pleased to announce that on November 19, 2015, Judge Christopher A. Boyko of the United States District Court for the Northern District of Ohio granted final approval to an $11 million class action settlement in the matter Cambridge Retirement System v. Invacare Corporation, Case No. 1:13-cv-01165.  Invacare Corporation (“Invacare”) is the world’s leading manufacturer of wheelchairs, bariatric equipment, disability scooters, respiratory products and other homecare products.  The securities class action matter was brought against Invacare and its Chairman and Chief Executive Officer on behalf of Invacare investors who purchased or otherwise acquired Invacare common stock between February 27, 20019 and December 7, 2011, inclusive.  

CWP&G acted as court-appointed local counsel with lead counsel Bernstein Litowitz Berger & Grossmann, LLP.  More information about the settlement can be found at www.InvacareSecuritiesClassActionSettlement.com