trending Market Intelligence /marketintelligence/en/news-insights/trending/SY7DGjbBnKemMbckeaqT3w2 content esgSubNav
In This List

Cynosure to settle with ARcare for allegedly violating federal law

Blog

Baird Research is Now Exclusively Available in S&P Global’s Aftermarket Research Collection

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Cynosure to settle with ARcare for allegedly violating federal law

Cynosure Inc. entered an agreement to settle a complaint filed by ARcare Inc. alleging that the company violated the federal Telephone Consumer Protection Act.

Upon court approval, Cynosure would have to pay between $6.5 million and $16 million as compensation, depending on the number of class members that file a valid claim. ARcare had filed the complaint individually and on behalf of a putative nationwide class.

Cynosure recorded a $7.2 million charge in the fourth quarter of 2016 relating to the settlement agreement and expects the claims process to proceed in the first half of 2017.