Spectranetics Corporation Announces Settlement of Securities Class Action Litigation

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--The Spectranetics Corporation (Nasdaq: SPNC) today announced that it has agreed in principle to settle both the securities class action litigation pending against the company and certain of its current and former officers and directors and the stockholder derivative case naming the company as a nominal defendant and certain of its current and former officers and directors as defendants. The class action was brought on behalf of persons and entities who bought or acquired shares of Spectranetics’ common stock between March 16, 2007 and September 4, 2008.