As reported in The 10b-5 Daily, last December SkillSoft PLC (Nasdaq: SKIL) settled a securities class action brought against the company in the N.D. of Cal. for $32 million. But that still left another, more recent securities class action based on alleged misrepresentations relating to a 2002 financial restatement pending in the D. of N.H.
Yesterday, the New Hampshire-based business and IT training software maker announced the preliminary settlement of the D. of N.H. case for $30.5 million. SkillSoft stated that it is in discussions with its insurers over their potential contribution to the settlement amount.