AutoInfo dismisses lawsuit against Steel Partners.FAIR LAWN, N.J.--(BUSINESS WIRE)--July 31, 1995--AUTOINFO, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ/NMS:AUTO) announced today that it had withdrawn, without prejudice Without any loss or waiver of rights or privileges. When a lawsuit is dismissed, the court may enter a judgment against the plaintiff with or without prejudice. When a lawsuit is dismissed without prejudice , its federal securities law action against Steel Partners which AutoInfo had filed in Delaware Federal Court on June 14, 1995. AutoInfo stated that in light of its earlier announced settlement of the lawsuit with Ryback Management Corp. and the decision by Steel Partners to withdraw its consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with to replace AutoInfo's board of directors, the company believed that it was best not to expand further funds on the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. at the current time. Since the dismissal was without prejudice, AutoInfo retains the right to reinstate the lawsuit at a later date depending upon circumstances that may arise. CONTACT: AutoInfo Scott Zecher 201/703-0500 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion