BUZZ-Australia's Atomos gains on settlement of legal cases

Reuters

2024-09-13

** Shares of Atomos rise as much as 13.3% to A$0.034, set for their biggest intraday rise since Aug. 9 - if current trends hold

** Video equipment maker says it has settled the U.S. & Australian legal cases between co & its former CEO

**Co says in 2022, co filed preceeding against former CEO alleging breach of loan agreement

** Adds, both parties have agreed to provide each other mutual releases from all claims

** Stock down 20% so far this year as at 0207 GMT

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com;))

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