Danaher Corporation to Pay $173M to Settle Class Action Alleging It Misrepresented Demand for Its Test and Vaccine Equipment

Danaher Corporation (DHR) has agreed to pay $172.5M to settle a class action lawsuit filed by a group of investors who accused the company of misrepresenting demand for its test and vaccine equipment as the impact of the COVID-19 pandemic waned.

A preliminary settlement for the all-cash deal was filed with the US District Court for the District of Columbia on Wednesday. If approved, it will be the largest securities ​class action settlement handled by that court since a law governing such cases took effect in 1996.

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