Brief: Diversified Royalty Corp. announces final resolution of John Bennett indemnity litigation

Diversified Royalty

08/12/2016 16:02

Dec 8 (Reuters) - Diversified Royalty Corp  DIV.TO  
    * Diversified Royalty Corp. announces final resolution of 
John Bennett indemnity litigation 
    * Says co has agreed to make payment of $1.1 million in full 
satisfaction of all remaining and potential liabilities 
    * All of proceedings currently existing between parties will 
be dismissed on consent without costs 
    * Bennett has signed a full and final release of all past, 
present and future claims against corporation 
    * As part of settlement, dividend's payments of $7.5 million 
versus $8.6 million accrued on dividend's balance sheet to 
result in $1.1 million accounting gain 
 
Source text for Eikon:  ID:nCCN2Xy817  
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