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Stock impact report

Acacia Communications Announces Proposed Settlement and Settlement Hearing in Stockholder Litigation

ACACIA COMMUNICATIONS (ACIA) 
Last acacia communications earnings: 2/18 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.acacia-inc.com/investor-overview
Company Research Source: GlobeNewswire
MAYNARD, Mass., Oct. 05, 2018 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today announced that a settlement hearing will be held on December 19, 2018 at 2:00 p.m., before the Honorable William G. Young, John Joseph Moakley U.S. Courthouse, 1 Courthouse Way, Boston, Massachusetts 02210 in the matters of Colgan v. Shanmugaraj et al., Case No. 1:17-cv-12350 (D. Mass.); Wong v. Shanmugaraj et al., Case No. 1:17-cv-12550 (D. Mass.); and Farah-Franco et al. v. Shanmugaraj et al., Case No. 1:18-cv-10465 (D. Mass.), which are consolidated into Tharp et al. v. Acacia Communications, Inc. et al., Case No. 17-cv-11504 (D. Mass.) (the “Settlement Hearing”). As previously disclosed by the Company, the parties have reached an agreement in principle to settle the above-referenced derivative lawsuits (the “Proposed Settlement”). The Proposed Settlement also includes the settlement of a related action filed Show less Read more
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