Nevada State Court Approves $9.65 Million Settlement in Parametric Shareholder Litigation

May 18, 2020

On May 18, 2020, the Honorable Elizabeth Gonzalez of the Eighth Judicial District Court, Clark County, Nevada, approved a $9.65 million settlement on behalf of Parametric stockholders in post-merger litigation following the merger of Parametric Sound Corporation (Parametric) (NASDAQ: PAMT) and VTB Holdings, Inc. (Turtle Beach).

The recovery is believed to be the second largest post-merger class action settlement in Nevada state court history, and the largest in Nevada history on a percentage-of-deal-size-basis.

Click here to download a copy of the order and judgment approving the settlement.