Dublin, OH: (Apr-23-07) As a result of a class action securities lawsuit filed against it, Cardinal Health Inc., a provider of products and services to the health care industry, agreed to set up a $600 million reserve to settle claims brought by the class. The suit alleged that since July 2004, the company has been subject to complaints that it violated securities laws by issuing false or misleading statements concerning the company's financial results. As a result of the reserve, the company will record an after-tax charge in the third quarter of roughly $384 million. The company has about 400.3 million shares outstanding. [
BUSINESS WEEK: CARDINAL HEALTH SETTLEMENT]
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