State Journal: Cellular Dynamics reaches settlement with shareholders

A judge granted preliminary approval to a settlement in a class-action shareholder lawsuit against Madison-based Cellular Dynamics International. Under the settlement, CDI agreed to pay $500,000 in legal fees for the plaintiffs and expenses, but can continue to deny any wrongdoing or breach of duty to its shareholders. It entered into the agreement to end further expense of litigation and to put the claims made in the lawsuit to rest, the settlement states. Read the full Wisconsin State Journal story here.