MedQuist Inc

MedQuist Inc. announced that on June 9, 2008, the U.S. District Court District for the District of New Jersey dismissed the South Broward customer class action without prejudice to the right, upon motion and good cause shown, within 60 days, to reopen the action if the settlement is not consummated. The company is in the process of informing the court that the settlement has, in fact, been consummated through payment of the settlement amount and filing of a stipulation of dismissal with prejudice. As previously announced the South Broward action was filed against the company and certain present and former officers and the complaint alleged that the company overcharged certain non-federal governmental hospitals and medical centers for transcription services. Under the terms of the settlement agreement, the company has paid $7,537,001.83 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