MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 5, 2007 Nuveen Settles Shareholder Lawsuits Nuveen Investments has settled suits brought by some shareholders in connection with the Chicago-based asset manager's sale to a group of private equity investors. Nuveen, which denied the allegations, disclosed the settlement in an SEC filing on Tuesday. As part of the proposed settlement, Nuveen agreed to pay $1,000,000 to the plaintiffs' attorneys for their fees and expenses. Nuveen said the settlement will not affect the amount of consideration to be paid to the company's shareholders in connection with the merger and will not affect the timing of the shareholder meeting on the transaction, slated September 18. The settlement is subject to final approval by the court. Printed from: MFWire.com/story.asp?s=15627 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |