Brief: Phunware Inc Entered Into A Settlement Agreement And Release Of Claims With WSGR Settling Uber Litigation On March 5

Phunware

14/03/2024 21:19

March 14 (Reuters) - Phunware Inc  PHUN.O :
    * PHUNWARE INC - ON MARCH 5 ENTERED INTO A SETTLEMENT
AGREEMENT
AND RELEASE OF CLAIMS WITH WSGR SETTLING UBER LITIGATION
    * PHUNWARE INC - AS PART OF SETTLEMENT AGREEMENT, COMPANY
WAS
REQUIRED TO PAY WSGR A TOTAL SUM OF $2.19 MILLION NO LATER THAN
MARCH 8
    * PHUNWARE INC -  AS PART OF SETTLEMENT AGREEMENT CO TO FILE
REQUESTS FOR DISMISSAL OF UBER LITIGATION, WITH PREJUDICE, WITH
SANTA CLARA SUPERIOR COURT
    * PHUNWARE INC - AS PART OF SETTLEMENT AGREEMENT, COMPANY
WAS
REQUIRED TO REQUEST THAT UBER ARBITRATION BE DISMISSED AND
CLOSED WITH PREJUDICE
    * PHUNWARE-SETTLEMENT PROVIDES CO,WSGR RELEASE EACH OTHER
FROM ALL
CLAIMS CO/WSGR MAY HAVE AGAINST ONE ANOTHER WITH RESPECT TO UBER
LITIGATION/UBER ARBITRATION

Source text for Eikon:  ID:n0001628280-24-011256 
Further company coverage:  PHUN.O 

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