Kyocera to Pay $50 Million to End $1 Billion Lawsuit

By Andy Slawetsky – Kyocera Corporation has agreed to a $49.9 million settlement with investors.

Kyocera was hit with the lawsuit by investors accusing the firm of a “squeeze out merger” with AVX.

AVX shareholders had filed a $1 billion class action suit against Kyocera.

AVX is a global manufacturer of electronic components. They were acquired by Kyocera in 2020. More on this story as it develops.

SOURCE Industry Analysts Inc.

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