RE:is it not a $7.5M penalty??It is actually $14.5 Million
DC Payments has agreed to release $7 million of cash security it has been holding from CSF in connection with the Class Action Law Suits and pay an additional $7.5 million (collectively the "Settlement Funds").
DC Payments has negotiated progressive payment of the Settlement Funds with $2 million being paid into trust commensurate with execution of the Settlement Agreement, a further $10 million becoming payable once Court and stakeholder approval is obtained and the final $2.5 million being paid in the second quarter of 2016