Brief: Adf Group Announces An Out Of Court Settlement Of A Litigation In Florida, USA

Adf

09/10/2019 22:26

Oct 9 (Reuters) - Adf Group Inc  DRX.TO :
    * ADF GROUP INC. ANNOUNCES AN OUT OF COURT SETTLEMENT OF A
LITIGATION IN FLORIDA, USA
    * ADF GROUP INC - ANNOUNCES AN OUT-OF-COURT SETTLEMENT OF A
SUIT
IN FLORIDA, USA.
    * ADF GROUP - SETTLEMENT ENDS LEGAL DISPUTE OPPOSING ADF TO
ONE OF
CLIENTS WITH REGARD TO A STRUCTURAL STEEL FABRICATION &
INSTALLATION CONTRACT
    * ADF GROUP INC - WITHIN NEXT FEW DAYS, ADF SHOULD COLLECT A
TOTAL
SUM OF $13.7 MILLION
    * ADF GROUP - SETTLEMENT WILL HOWEVER GENERATE A PRE-TAX
LOSS OF
$6.9 MILLION WHICH WILL BE RECOGNIZED IN RESULTS FOR QUARTER
ENDING OCTOBER 31, 2019
    * ADF GROUP INC - ALL FIGURES STATED ARE IN C$

Source text for Eikon:  ID:nCNWWScH6a 
Further company coverage:  DRX.TO 

 (Reuters.Briefs@thomsonreuters.com)