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Revlon, Inc. Settles Lawsuit With Investor-Reuters

Thursday, 21 Jun 2012 06:46pm EDT 

Reuters reported that Revlon, Inc. has settled its dispute with shareholder Fidelity Management & Research Co regarding a class action lawsuit related to a share exchange offer from 2009. Fidelity Management, which owns about 2.06 percent of the company according to Thomson Reuters data, will be paid $19.9 million and will drop all related claims in return. The company said this settlement has no effect on the pending actions other than to eliminate Fidelity from any future certified class actions. 

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