AirBoss Proposes Settlement in Class Action Suit

Airboss of America (TSE:BOS) has released an update.

AirBoss of America Corp has announced a proposed settlement for a class action lawsuit in Canada, without admitting liability or fault. The settlement is pending court approval and, if granted, will involve a notice period for potential class members and further court approval, without impacting the company financially as it falls within insured limits. AirBoss is a diversified manufacturer of custom rubber compounds and survivability solutions, serving various industries including automotive and defense.

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