NAPERVILLE, Ill.-Spyglass Inc., a provider of strategic Internet consulting, received preliminary approval from the court of the settlement of previously filed securities litigation brought against Spyglass and certain officers and directors. The settlement, for which Spyglass and individual defendants deny any wrongdoing, allows the company to avoid lengthy litigation and focus on overall business operation.
With final court approval, the settlement will be funded by Spyglass directors and officer liability insurance and will fully release all claims against the company.
