Suits Settled With Naming of 2 to Tigera Group Board
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Tigera Group of Belmont, Calif., last month settled two law suits filed against it by electing two directors to its board, according to a filing with the Securities and Exchange Commission.
Tigera said it has already confirmed James S. Campbell as a director and has agreed to elect Peter G. Gerry to the board as part of a May 4 agreement resolving the claims of the lawsuits. Gerry is a senior vice president of Citicorp Capital Investors Ltd., according to the filing.
Tigera, a holding company, also reported that a shareholder group agreed in April to settle a class action suit filed against the company in 1983 and that a final order of dismissal was filed on May 10.
The shareholders had sued company for alleged violations of federal securities laws arising from its initial public offering of common stock in March 1983, according to the filing.
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