Brief: Rover Group Inc Unit Entered Into Binding Settlement Term With Named Plaintiff In Case Captioned Melanie Sportsman V. A Place For Rover Inc

Rover

21/10/2022 14:24

Oct 21 (Reuters) - Rover Group Inc  ROVR.O :
    * ROVER GROUP INC - UNIT ENTERED INTO BINDING SETTLEMENT
TERM
SHEET WITH NAMED PLAINTIFF IN CASE CAPTIONED MELANIE SPORTSMAN
V. A PLACE FOR ROVER, INC
    * ROVER GROUP INC - TERM SHEET PROVIDES THAT UNIT WILL PAY
OF
$18.0 MILLION IN FULL AND FINAL SETTLEMENT OF ALL CLAIMS
    * ROVER GROUP INC - EXPECTS TO RECORD SETTLEMENT AMOUNT AS
EXPENSE
FOR QUARTER ENDED SEPT 30, AND PAY SUCH SETTLEMENT FROM EXISTING
CASH & CASH EQUIVALENTS

Source: (shorturl.at/suAG3)
Further company coverage:  ROVR.O 
 ((Reuters.Briefs@thomsonreuters.com;))