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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.