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RUYAKCHERIAN PREVAILS FOR CLIENTS IN MULTI-MILLION DOLLAR SETTLEMENT WITH TOSHIBA

Washington, D.C. April 24, 2019...RuyakCherian LLP has secured a multi-million-dollar settlement for its clients, shareholders in Consert Inc., according to a press release issued by defendant Toshiba Corporation.

Toshiba had acquired Consert Inc., a US based company in February 2013. In November 2015, former shareholders of Consert filed a lawsuit against Toshiba and other related parties in the State of North Carolina concerning the acquisition.

According to the Toshiba press release, on April 24, 2019, Toshiba completed all requirements for settling that lawsuit. “Toshiba paid $21 Million to the plaintiffs: the plaintiffs will dismiss and release Toshiba and other related parties from all claims brought in this lawsuit.”

“We are very pleased to have this matter resolved favorably for our clients,” said Robert F. Ruyak, Co-Managing Partner of RuyakCherian and lead trial attorney in the case.

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Contact: Chris Till
christinet@ruyakcherian.com
(703) 477-7755