MedQuist settles with class-action plaintiffs. Source: Payday Loan Times

MedQuist has executed a settlement for approximately $7.5 million with the plaintiffs and certain other putative class members represented by plaintiffs' counsel in the South Broward customer class action.

On Sept. 9, 2004, a putative class action was filed against the Mount Laurel, N.J.-based MedQuist, alleging that the company overcharged certain non-federal governmental hospitals and medical centers for transcription services.

The plaintiffs twice amended the complaint adding and dropping named plaintiffs, according to MedQuist. On March 30, 2005, the action was transferred to the U.S. District Court District for the District of New Jersey, and the plaintiffs filed a third amended complaint on Jan. 4, 2006.

Under the terms of the settlement, MedQuist said it will pay approximately $7.5 million to resolve all claims by the individual named plaintiffs and certain other putative class members represented by plaintiffs' counsel but not named in the action.

The settling parties will release the company and all individual defendants from any and all claims and dismiss the action in its entirety with prejudice, MedQuist said. However, the settlement is subject to formal documentation by the parties.