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Qiao Xing Universal Telephone Lawsuit


settles class action for $2.4 million


Qiao Xing Universal Telephone settles class action for $2.4 million

Qiao Xing Universal Telephone has settled a class action lawsuit for $ 2.4 million. The company's directors and officers insurance carrier will contribute $300 thousand towards the settlement. The company states that the loss has no material impact on its December 31, 2007 year end.

JUL-15-08: Qiao Xing Universal Telephone announces settlement of class action against its directors, officers for US$2.4 mln [RTT NEWS: QIAO XING SETTLEMENT]

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