Abaxis announces court approval of shareholders lawsuit settlement Abaxis announced that on April 15, the United States District Court for the Northern District of California, granted preliminary approval of a settlement that Abaxis has reached with Plaintiff St. Louis Police Retirement System in a shareholder class and derivative action.
Abaxis reports Q4 EPS with gain 50c, consensus 27 Reports Q4 revenue $52M, consensus $55.52M. The company sold substantially all of the assets of Abaxis Veterinary Reference Laboratories in a transaction that closed on March 31. The total purchase price under the Agreement is $21M in cash. The sale of the AVRL business unit, which was previously reported within its veterinary market segment, resulted in a pre-tax gain of $12.3M, or $7.7M after-tax.