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Article: Comdisco Announces Dismissal of Litigation.
- Article from:
- Business Wire
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Business Wire. 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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ROSEMONT, Ill. -- Comdisco Holding Company, Inc. (OTC: CDCO.OB) ("Comdisco") announced today that the pending litigation against certain of the former directors and officers of Comdisco, Inc., Collins et. al. v. Pontikes et. al., Case no. 2006 L 1006 in the Circuit Court of Cook County, Illinois, was voluntarily dismissed with prejudice by the judge on October 28, 2009 pursuant to a Stipulation and Agreed Order of Voluntary Dismissal With Prejudice. The litigation was reported in Comdisco's Form 10-Q and Form 10-K filings as the "SIP Joinder Action". The nominal settlement amount was paid by the former Comdisco, Inc.'s directors and officers insurance policy coverage.
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