Resideo enters into binding agreement in principle to settle class action litigation

Austin, texas, aug. 3, 2021 /prnewswire/ -- resideo technologies, inc. (nyse: rezi), a leading global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, today announced that it has entered into a binding agreement in principle to settle the pending securities class action litigation arising from allegations with respect to statements and disclosures made in 2019. the proposed settlement calls for a payment of $55 million in resolution of claims asserted against resideo and all other defendants.
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