Skip to Content

News & Media
Case Updates

Remaining Claims Against Elliott Settled in Metrologic Case

Case Updates | 04/06/18

Related Case: Metrologic Instruments, Inc. Shareholders Litigation

After the New Jersey Appellate Division reinstated plaintiff’s claims against Elliott Associates and Elliott International, L.P., and the continuation of the litigation, including preparing for trial on these remaining claims, the parties entered into a mediation before the New Jersey court and separate settlement discussions.  As a result of these discussions, after more than eleven years of hard-fought litigation, the parties entered a settlement for the remainder of the litigation for an additional $9,750,000 for the benefit of those former Metrologic shareholders who surrendered their shares in the 2006 merger.  Wolf Popper partner Carl Stine, who, with co-counsel, represented plaintiffs in the case commented:  “This is a great result for the former Metrologic shareholders.  Together with the previous partial settlement, the litigation resulted in a benefit of more than $21 million.”  The court approved the settlement in April 2018.
 

Contact Instructions

You may share a link to this page on any of the sites listed below or send link via email:

This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Notice.

Accept & Hide Message