DUG Technology LtdASX: DUG

Settlement of legal proceedings

· Issued by DUG Technology Ltd

Filed with ASX · · 2 pages · English

Summary by 6ix AI

Dug Technology Ltd has announced the settlement of legal proceedings involving its subsidiary, DownUnder GeoSolutions (America) LLC, in relation to a disputed supplier invoice. The settlement agreement stipulates that DUG US will pay the supplier a specified amount to resolve all claims related to the dispute, including a counterclaim by DUG US. Both parties have agreed not to pursue further legal action regarding this matter, and the settlement does not imply any admission of liability.

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