Brief: Phunware Inc -Co, Plaintiffs, Other Defendants Entered Into A Confidential Settlement Agreement
05/11/2024 21:56
Nov 5 (Reuters) - Phunware Inc PHUN.O :
* ON OR ABOUT OCTOBER 24, 2024 CO, PLAINTIFFS, OTHER
DEFENDANTS
ENTERED INTO A CONFIDENTIAL SETTLEMENT AGREEMENT
* AGREEMENTS PROVIDE FOR PAYMENT OF $2.8 MILLION FROM CO'S
INSURANCE CARRIERS TO PLAINTIFFS, $0.2 MILLION OF INSURANCE
PROCEEDS TO CO
* PLAINTIFFS' CLAIMS AGAINST PHUNWARE IN WILD BASIN
LITIGATION
REMAIN IN EFFECT
Source text: ID:n0000950170-24-121587
Further company coverage: PHUN.O
((Reuters.Briefs@thomsonreuters.com;))
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