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BRIEF-ABM Industries enters into agreement to settle class action lawsuit
February 7, 2017 / 1:25 PM / 6 months ago

BRIEF-ABM Industries enters into agreement to settle class action lawsuit

Feb 7 (Reuters) - ABM Industries Inc -

* ABM Industries enters into agreement to settle class action lawsuit

* To settle claims in class action lawsuit augustus et. al. v. ABM Security Services, Inc on a class-wide basis for $110 million (pre-tax)

* Entered settlement term sheet relating to Karapetyan V; ABM Industries Inc and ABM Security Services, to settle case on class-wide basis for $5 million

* Settlement does not constitute an admission of liability, culpability, negligence, or wrongdoing on part of ABM

* Continue to be on track with long term objectives

* Currently evaluating settlement's financial impact Source text for Eikon: Further company coverage:

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