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Article: Zi Corporation and Marty Steinberg, Receiver for the Lancer Funds, Enter Into Settlement Agreement
- Article from:
- CCNMatthews Newswire
- Article date:
- February 23, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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CALGARY, ALBERTA--(CCNMatthews - Feb. 23, 2007) - Zi Corporation
(TSX:ZIC) (NASDAQ:ZICA), and Marty Steinberg, solely in his capacity
as court appointed receiver (the "Receiver") of Lancer Management
Group LLC and certain related entities (the "Lancer Entities"),
jointly announced today that they have entered into an agreement (the
"Settlement Agreement") to settle any and all outstanding claims and
issues between the Receiver, the Lancer Entities and the Corporation.
The settlement is conditioned upon the Receiver securing orders
from the United States District Court for the Southern District of
Florida and the United States Bankruptcy Court for the Southern
District of Florida, ...