ADAT Announces Proposed Settlement of Class Action

Authentidate Holding (ADAT) announced that on December 23, 2010, it entered into a settlement agreement providing for the resolution and dismissal, with prejudice, of the purported shareholder class action entitled In re Authentidate Holding Corp. Securities Litigation. The settlement, which is subject to approval by the Court, provides for a $1.9 million payment to be [...]