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Phunware | 8-K: Settlement Agreements and Release of Claims

SEC announcement ·  Mar 15 05:01
Summary by Futu AI
Phunware, Inc., a technology company listed on the NASDAQ Capital Market under the trading symbol PHUN, has announced the settlement of its legal dispute with former counsel Wilson Sonsini Goodrich & Rosati, PC (WSGR). The dispute, known as the Uber Litigation, was filed by Phunware in the Superior Court of California for the County of Santa Clara on March 30, 2021, and was later moved to arbitration. The settlement, reached on March 5, 2024, requires Phunware to pay WSGR $2,193,852.02 by March 8, 2024, and mandates both parties to file for dismissal of the litigation and arbitration with prejudice, effectively ending all legal proceedings between them. The terms of the settlement also include mutual release of claims related to the Uber Litigation and Arbitration. The details of the Settlement Agreement have been attached as Exhibit 10.1 to Phunware's Form 8-K filed with the SEC.
Phunware, Inc., a technology company listed on the NASDAQ Capital Market under the trading symbol PHUN, has announced the settlement of its legal dispute with former counsel Wilson Sonsini Goodrich & Rosati, PC (WSGR). The dispute, known as the Uber Litigation, was filed by Phunware in the Superior Court of California for the County of Santa Clara on March 30, 2021, and was later moved to arbitration. The settlement, reached on March 5, 2024, requires Phunware to pay WSGR $2,193,852.02 by March 8, 2024, and mandates both parties to file for dismissal of the litigation and arbitration with prejudice, effectively ending all legal proceedings between them. The terms of the settlement also include mutual release of claims related to the Uber Litigation and Arbitration. The details of the Settlement Agreement have been attached as Exhibit 10.1 to Phunware's Form 8-K filed with the SEC.
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