PARADIGM TO DOLE OUT $1.5M IN SUIT

Paradigm Medical Industries has agreed to pay more than $1.5 million to end a 27-month-old federal lawsuit by disgruntled shareholders. The settlement did not require the company to admit guilt to multiple allegations that Paradigm officers conspired to deceive shareholders into investments that ultimately lost them million of dollars.

The Salt Lake Tribune (http://www.sltrib.com/business/ci_2987168)