Brief: Volcon In January Proposed Settlement Offer To Torrot Electric Europa SA After Discussions Held Regarding Termination Of Distribution Agreement
23/02/2024 23:03
Feb 23 (Reuters) - Volcon Inc VLCN.O :
* VOLCON: IN JAN 2024, PROPOSED SETTLEMENT OFFER TO TORROT
ELECTRIC EUROPA S.A. AFTER DISCUSSIONS HELD REGARDING
TERMINATION OF DISTRIBUTION AGREEMENT
* VOLCON INC: TORROT INFORMED CO THAT IT BELIEVED CO HAD NOT
SATISFIED ITS OBLIGATIONS UNDER DISTRIBUTION AGREEMENT
* VOLCON INC: DISPUTED CLAIMS MADE BY TORROT AND INTENDS TO
"VIGOROUSLY" DEFEND AGAINST CLAIMS MADE IN ANY LEGAL PROCEEDING
Source text for Eikon: ID:n0001683168-24-001156
Further company coverage: VLCN.O
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