April 21 2007
New York, NY: (Apr-18-07) The United States District Court for the Northern District of California granted preliminary approval to a settlement of the securities class action litigation brought against Netopia, Inc. The class included all persons who purchased the publicly traded stock of Netopia, Inc. between November 6, 2003 and August 16, 2004. As per the settlement, all class members would stand to get a share of the $11.25 million payout Netopia agreed to make in order to resolve claims brought against it in the securities fraud litigation.
[BUSINESS WIRE: NETOPIA SETTLEMENT
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