A Medical Device Daily
Candela (Wayland, Massachusetts) reported that the U.S. District Court for the District of Massachusetts granted final approval of the settlement of the previously-disclosed consolidated shareholder class action lawsuit brought against the company and certain of its current and former officers and directors.
In addition, the Superior Court for Middlesex County, Massachusetts, granted final approval of the settlement of the previously-disclosed derivative lawsuit brought against certain of Candela's current and former officers and directors, the company said.
Based on the final approval by both courts and consistent with the terms of the respective settlement agreements, all claims against Candela and its current and former officers and directors have been dismissed with prejudice and without any admission of liability or wrongdoing, the company said.
Candela makes clinical solutions designed to enable physicians, surgeons, and personal care practitioners to treat selected cosmetic and medical conditions using lasers, aesthetic laser systems, and other advanced technologies.