Apropos Technology, Inc. (Nasdaq: APRS), an Illinois-based provider of interaction management solutions, has announced the preliminary settlement of the securities class action pending against the company in the N.D. of Ill. The suit, originally filed in November 2001, alleges Apropos made misstatements in the registration statement and prospectus for its initial public offering. The settlement is for $4.5 million (to be paid by Apropos’ insurer) and is subject to final court approval.
Apropos Technology Settles
Filed under Settlement