Caprius, Inc. Resolves NJ State Court Lawsuit.Business Editors/Legal Writers FORT LEE, N.J.--(BUSINESS WIRE)--Sept. 18, 2003 Caprius, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CAPR CAPR Colegio de Abogados de Puerto Rico (Spanish) CAPR Civil Air Patrol Regulation CAPR Computer Assisted Pipeline Review CAPR Capability Requirement CAPR Capability Request ) announced today that the action brought in Superior Court of New Jersey, Bergen County, ("State Court Action") has been resolved and terminated. The Company made an Offer of Judgment which has been accepted by the plaintiff, a former chief executive officer and director of the Company. Under the terms of the Offer of Judgment, which was made without any admission or finding of liability on the part of the Defendants, the Company made a payment of $125,000 to the plaintiff. Each party will bear its respective costs. The resolution of the State Court Action does not affect the pendency Pend´en`cy n. 1. The quality or state of being pendent or suspended. 2. The quality or state of being undecided, or in continuance; suspense; as, the pendency of a suit s>. of the shareholder's Derivative Action shareholder's derivative action n. a lawsuit by a corporation's shareholders, theoretically on behalf of the corporation to protect and benefit all shareholders, against the corporation for improper management. (See: derivative action) and Class Action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax pending in Federal Court. SAFE HARBOR STATEMENT: The statements made in this press release that are not historical fact are "forward-looking statements" which are based upon current expectations that include a number of risks and uncertainties. Additional factors that could potentially affect the Company's financial results may be found on the Company's filings with the Securities and Exchange Commission. |
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