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GT Solar Reaches $10.5 Million IPO Settlement

This is a settlement for the Securities/Stock Fraud lawsuit.

New York, NY: A settlement agreement has been reached with GT Solar International Inc, involving two putative securities class-action lawsuits related to the company's initial public offering on July 24, 2008.

Under the terms of the proposed settlement GT Solar will pay $10.5 million into a fund. The $10 million will be made up by ca $1 million contribution by the company while liability insurers make up the remaining $9.5 million.

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Published on Mar-7-11


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