February 29, 2012
Cybex Reaches Nasdaq Compliance
Medway-based exercise equipment maker Cybex International Inc. said the Nasdaq Stock Market has confirmed that the company is now in compliance with standards for a continued listing on the market.
The company had risked being de-listed because it had not met a minimum stockholders' equity threshold of $10 million.
The company announced earlier this month that it had settled a product liability lawsuit for $19.5 million, far below the $66 million initially awarded by a jury to a New York woman who was paralyzed when one of the company's machines fell on her and paralyzed her in 2004.
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