BOULDER, Co.-SpectraLink Corp. said it has settled the consolidated class-action lawsuit filed against some of its officers and directors in February 2002.
Its insurance carrier paid the $1.5 million negotiated settlement approved by the presiding federal judge.
“I am pleased to put this issue behind us,” said John Elms, SpectraLink president and chief executive officer. The company said it is still negotiating regarding two other related actions.
