Brief: Cathedral Energy Services Ltd. announces settlement of U.S. collective action lawsuits

ACT Energy Technologies

09/08/2016 15:35

Aug 9 (Reuters) - Cathedral Energy Services Ltd  CET.TO  
    * Cathedral Energy Services Ltd. announces settlement of 
united states collective action lawsuits 
    * Under terms of settlement agreement, parties will 
establish a settlement fund of up to US$3.4 million 
    * Entered into settlement agreement, release in respect of 2 
wage and hour lawsuits filed against unit Cathedral Energy 
Services Inc 
    * Settlement agreement contemplates structured quarterly 
payments which are subject to Cathedral's financial condition 
 
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