BRIEF-Phunware Inc -Co, Plaintiffs, Other Defendants Entered Into A Confidential Settlement Agreement

Reuters

2024-11-06

Nov 5 (Reuters) - Phunware Inc :

* ON OR ABOUT OCTOBER 24, 2024 CO, PLAINTIFFS, OTHER DEFENDANTS ENTERED INTO A CONFIDENTIAL SETTLEMENT AGREEMENT

* AGREEMENTS PROVIDE FOR PAYMENT OF $2.8 MILLION FROM CO'S INSURANCE CARRIERS TO PLAINTIFFS, $0.2 MILLION OF INSURANCE PROCEEDS TO CO

* PLAINTIFFS' CLAIMS AGAINST PHUNWARE IN WILD BASIN LITIGATION REMAIN IN EFFECT

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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