Under terms of the agreement, JDN will pay the class members an aggregate $16.8 million in cash and 1.68 million shares of common stock, according to the company's 8-K report, dated July 30. Those shares would be worth $20.16 million based on the price of JDN shares Dec. 3.

JDN also reached agreement to settle the derivative suits brought against certain of its officers and directors. Under the agreement, the company is required to formally adopt certain corporate governance policies and pay attorneys' fees by issuing 248,000 shares of common stock to the plaintiffs' counsel. At its recent price of $12 per share, those shares would be worth $2.98 million.

At its Nov. 15 hearing, the court concluded the settlement was fair, reasonable and adequate and in the best interests of JDN's shareholders, according to a prepared statement from the company.