Cynosure, Inc. (NASDAQ:CYNO) Files An 8-K Other Events
Item 8.01. Other Events.

On January 26, 2017, Cynosure, Inc. (the “Company”) entered into an agreement to settle the complaint filed by ARcare, Inc., individually and on behalf of a putative nationwide class, against the Company, alleging that the Company violated the federal Telephone Consumer Protection Act. The complaint is described in Part II, Item 1, “Legal Proceedings – TCPA Litigation” in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2016.

The settlement is subject to court approval. If approved, the Company would receive a full release from the settlement class concerning the conduct alleged in the complaint, and would pay settlement compensation between $6.5 million and $16 million depending on the number of class members that file a valid claim. The Company has recorded a $7.2 million charge in the fourth quarter of 2016 in connection with the settlement agreement and expenses associated with the matter. The Company expects the claims process with respect to this settlement to proceed in the first half of 2017.

About Cynosure, Inc. (NASDAQ:CYNO)

Cynosure Inc. (Cynosure) develops and markets aesthetic treatment systems that enable plastic surgeons, dermatologists and other medical practitioners to perform procedures to remove hair, treat vascular and benign pigmented lesions, remove multi-colored tattoos, revitalize the skin, reduce fat through laser lipolysis, reduce cellulite, clear nails infected by toe fungus, ablate sweat glands and improve gynecologic health. The Company operates through aesthetic treatment products and services segment. It markets radiofrequency (RF) energy sourced medical devices for precision surgical applications, such as facial plastic and general surgery; gynecology; ear, nose and throat procedures; ophthalmology; oral and maxillofacial surgery; podiatry, and proctology. The Company’s product portfolio utilizes a range of energy sources, including Alexandrite, diode, neodymium-doped yttrium aluminum garnet (Nd: YAG), pulse dye, Q-switched lasers, intense pulsed light and RF technology.

Cynosure, Inc. (NASDAQ:CYNO) Recent Trading Information

Cynosure, Inc. (NASDAQ:CYNO) closed its last trading session down -0.05 at 47.50 with 351,243 shares trading hands.