TALX, Corp. (Nasdaq: TALX), a St. Louis-based business process outsourcer of payroll data-centric services, has announced the preliminary settlement of the securities class action pending against the company in the E.D. of Mo. The case, originally filed in December 2001, alleges that TALX made misleading statements that did not properly account for certain software and inventory, did not reflect certain write-offs, and did not accurately disclose certain business prospects. The settlement is for $5.75 million and will be paid by TALX’s insurance carriers.
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