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Article: BIO-key(R) Settles Lawsuit With Longview Funds.
- Article from:
- PR Newswire
- Article date:
- July 9, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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$2.9 million of Preferred Stock Settled for Repayment of $2.2 million
WALL, N.J., July 9 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (BULLETIN BOARD: BKYI) , a leader in finger-based biometric identification and wireless public safety solutions, today announced that it entered into a Settlement and Mutual Release Agreement with Longview Special Finance, Inc. and Longview Fund, L.P. in order to resolve all matters relating to the litigation initiated earlier this year by the Longview Entities. The Longview Entities were seeking $2,886,563 in damages and an unspecified amount of interest and attorney's fees from the Company in the Lawsuit as a result ...