Brief: Automodular Corp Says It Reached Settlement In Its Claim Against General Motors Company And General Motors Of Canada

HLS Therapeutics

20/02/2018 14:01

Feb 20 (Reuters) - Automodular Corp  AMh.V : 
    * AUTOMODULAR CORP SAYS HAS REACHED A SETTLEMENT IN ITS 
LEGAL 
CLAIM AGAINST GENERAL MOTORS COMPANY AND GENERAL MOTORS OF 
CANADA LIMITED 
    * AUTOMODULAR CORP - SETTLEMENT RELATES TO TERMINATION OF A 
CONTRACT FOR SEQUENCING AND SUB-ASSEMBLY SERVICES 
    * AUTOMODULAR CORP - PURSUANT TO SETTLEMENT, AMD WILL 
RECEIVE A 
PAYMENT OF $7 MILLION BY MARCH 6 
    * AUTOMODULAR - INTENDS TO SEEK AN ORDER DISMISSING GM 
LITIGATION 
WITH PREJUDICE AND WITHOUT COSTS UPON RECEIPT OF SETTLEMENT 
FUNDS 
 
Source text for Eikon:  ID:nGNXbPd0cq  
Further company coverage:  AMh.V  
 
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