Brief: Neptune Wellness Says On Aug 23, Arbitrator Awarded PMGSL Holdings $2.2 Mln As Well As Certain Attorneys' Fees And Expenses Totaling About $4 Mln

Neptune Wellness Solutions

25/08/2023 11:56

Aug 25 (Reuters) - Neptune Wellness Solutions Inc
 NEPT.O :
    * NEPTUNE WELLNESS- ON AUG 23, ARBITRATOR AWARDED PMGSL
HOLDINGS
LLC $2.2 MILLION AS WELL AS CERTAIN ATTORNEYS' FEES AND EXPENSES
TOTALING ABOUT $4 MILLION
    * NEPTUNE WELLNESS - ARBITRATOR FOUND THAT NEPTUNE FAILED TO
PROVIDE ADMINISTRATIVE ASSISTANCE IN REMOVING LEGENDS ON COMMON
SHARES ISSUED TO PMGSL
    * NEPTUNE WELLNESS SOLUTIONS INC -  NEPTUNE’S CLAIMS AGAINST
PMGSL
WERE DISMISSED
    * NEPTUNE WELLNESS SOLUTIONS INC - ARBITRATOR FOUND THAT
NEPTUNE
FAILED TO PAY SEVERANCE TO PETER GALLOWAY UPON HIS TERMINATION
FROM COMPANY
    * NEPTUNE WELLNESS SOLUTIONS INC - THE AWARD IS REQUIRED TO
BE
PAID BY NEPTUNE WELLNESS SOLUTIONS BY SEPTEMBER 29
    * NEPTUNE WELLNESS SOLUTIONS INC - COMPANY "STRONGLY"
DISAGREES
WITH THIS AWARD AND INTENDS TO CHALLENGE IT IN APPROPRIATE FORUM

Further company coverage:  NEPT.O 

 (Reuters.Briefs@thomsonreuters.com)