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Stock Market & Financial Investment News

News Breaks
February 13, 2013
16:30 EDTENSGEnsign Group says moving toward active settlement with DOJ
The company said, "Explaining the $15 million reserve taken in the quarter, General Counsel Beverly Wittekind said, 'Over the past months and years, as we have previously indicated, management and the special committee have been interacting with government representatives to advance the matter toward resolution. While the interactions continue, progress to date has allowed the conversation between our representatives and the government to move toward active settlement discussions.' She further noted that the taking of the reserve is neither final nor a guarantee of a settlement, but rather represents an estimated liability related to the company's efforts to achieve a global, company-wide resolution of any claims, if a settlement can be achieved.
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