A northern Idaho mining company has settled a class action lawsuit by agreeing to pay $1.25 million.
Atlas Mining Co., based in Kellogg, Idaho, announced it had settled with shareholders who claimed the company artificially inflated stock prices through false financial statements.
Atlas also said it settled related lawsuits with Navigators Insurance, RSUI Indemnity Co., RSUI Group and Alexander, Morford & Woo Inc.
The agreement requires Navigators to cover the entire $1.25 million settlement plus $750,000 for Atlas’ defense and investigative costs.
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Thailand’s Record Floods Paralyze Key Hubs for Tech and Car Parts 
NYT, Chicago Tribune Sue Perplexity AI as Copyright War Rages On 
Hermès Heir Sues Arnault and LVMH in $16 Billion Suit Over Lost Shares 
RBC Denies Claims of ‘Boys Club’ Culture, Bias Against Women 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.