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Hansen Medical agrees to settle shareholders' lawsuit for $8.5M

Mon, 07/29/2013 - 11:46am
Mass Device

Robotic surgery company Hansen Medical agrees to pay $4.25 million in cash and $4.25 million worth of its own stock to settle a shareholders' lawsuit filed over a 2009 restatement of its books.

Hansen Medical agrees to settle shareholders' lawsuit for $8.5M

Hansen Medical (NSDQ:HNSN) said it agreed to pay out $8.5 million in cash and stock to put to rest a shareholders' lawsuit filed over its 2009 restatement of revenues.

The Mountain View, Calif.-based robotic surgery company said it agreed to pay $4.25 million in cash and another $4.5 million worth of its own stock to settle the lawsuit.

The agreement must still be approved by Judge Claudia Wilken of the U.S. District Court for Northern California, where a hearing is slated for Nov. 21, according to a regulatory filing.

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