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MAXENT B — Maximum Entertainment AB News Story

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Brief: Maximum Entertainment Ordered To Pay Earn-Out Considerations

BRIEF-Maximum Entertainment Ordered To Pay Earn-Out Considerations

- Maximum Entertainment AB MAXENTb.ST:

  • MAXIMUM ENTERTAINMENT AB (PUBL): OUTCOME OF ARBITRATION PROCEEDINGS REGARDING EARN-OUT DISPUTE

  • TRIBUNAL FINDS EARN-OUT CALCULATIONS AND AMENDMENT II ARE BINDING

  • ORDERED TO PAY SEELYE USD 6.9 MILLION, SEK 29.5 MILLION; BONNEFOI USD 0.8 MILLION, SEK 7.4 MILLION

  • ORDERED TO REIMBURSE EUR 110,000 AND USD 1.8 MILLION IN LEGAL COSTS

  • TOTAL PAYMENT OBLIGATION ABOUT USD 9.6 MILLION, SEK 36.8 MILLION, EUR 110,000

Source text: ID:nMFN2NVpTW

Further company coverage: [MAXENTb.ST]


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