Sequenom Settlement Approved

5/5/10

Sequenom (NASDAQ: SQNM) says a federal judge in San Diego has approved its $14 million settlement with shareholders in an agreement that consolidated multiple securities class action lawsuits against the San Diego maker of diagnostics kits and products. The cases were filed after Sequenom withdrew plans last April to introduce a diagnostic test for Down syndrome due to “employee mishandling” of R&D test data and results. The company plans to report its first quarter financial results tomorrow afternoon.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @

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