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Message: Lawsuit settlement involving Swarz, Pohl and Johnson. Rumor is someone is already talking to this same law firm about PTSC.
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Lawsuit settlement involving Swarz, Pohl and Johnson. Rumor is someone is already talking to this same law firm about PTSC.

posted on Dec 16, 2017 09:40PM
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"At a hearing on July 27, 2017, the Court issued an order approving the Settlement, which provides, among other things, that the three former non-employee directors agreed to pay or cause to be paid $1,500,000 to us,...  The Company received such payment in full in August 2017."

https://www.sec.gov/Archives/edgar/data/704562/000168316817003277/peregrine_10q-103117.htm

In addition to the $1.5M required to be paid, if you look up Form 4s for PPHM from August, it appears they also forfeited approx 70,000 Options for Shares.

 

 

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