Post by
coldheat on Dec 04, 2015 9:18pm
Settlement finalized with the two US directors
Full docket text for document 574: SETTLEMENT AGREEMENT Between Lead Plaintiffs and U.S. Directors. Document filed by Hotel Ventures, Howard Pritchard, Salomon Querub, Trellus Management Company LLC, Steven Weissmann. (Attachments: # (1) Exhibit A, # (2) Exhibit A-1, # (3) Exhibit A-2, # (4) Exhibit A-3, # (5) Exhibit B, # (6) Exhibit C)(Crowell, Joshua) In the filed documents, the settlement amount is a total of 1.2 million USD. However, because the Chinese base insurance company refused to admit liability, a check for 100,000.00 dollars (100K) will be sufficient to release the directors and close the issue.