National Holdings has reached a proposed settlement in a lawsuit filed by a former chief compliance officer who alleged she was fired for investigating insider trading by the brokerage firm’s executives, although the firm denies the allegations.
In a dismissal order signed Feb. 8, Judge Laura Taylor Swain for the U.S. District Court for the Southern District of New York dismissed the action “without costs to either party.” The order says, however, that either party may reopen the case or extend the time within which it may be settled within 30 days of that date. The specifics of the non-monetary terms were kept confidential.
