Preliminary Approval Of $95M Deal In Investor Suit Against Media Company Granted

Mealey's (April 25, 2023, 1:46 PM EDT) -- NEW YORK — A federal judge in New York granted preliminary approval of a $95 million settlement in a securities class action alleging that a multinational media conglomerate and certain current and former senior executives bribed FIFA executives to obtain broadcasting rights for the FIFA Men’s World Cup soccer tournament, ruling that the settlement was fair, reasonable and adequate....