Vascular Solutions Comments On DoJ's Statement Concerning Lawsuit Settlement

(RTTNews) - Vascular Solutions Inc. (VASC) Monday issued a statement in response to a press release issued by the Department of Justice concerning the settlement of a qui tam lawsuit.

Vascula Solutions in the statement said, "An agreement to settle this lawsuit was previously reached on January 22, 2014 and previously disclosed in the Company's public filings, with the only event occurring today being the long-delayed signing of the formal settlement agreement. The terms of the settlement are that the Company will make a payment of $520,000, the Company will make no admission of fault or liability, and the U.S. Attorneys' Office will dismiss the civil lawsuit with prejudice and release all civil claims brought against the company in the civil lawsuit. The press release issued today by the Department of Justice contains numerous allegations which the Company continues to deny."