Decisive Dividend Announces Settlement of Outstanding Legal Proceedings Without Liability
Kelowna, British Columbia - TheNewswire - August 7, 2020 - Decisive Dividend Corporation (TSXV:DE) ("Decisive" or the "Corporation"), is pleased to announce that it was advised by its insurer today that an outstanding legal proceeding was settled without any liability or payment by Decisive's subsidiaries or the insurer.
In January 2017, the Corporation announced that two of its subsidiaries had been added as defendants to a civil claim under which the plaintiffs sought aggregate damages against the defendants of $11 million plus aggregate punitive, aggravated or exemplary damages of $10 million, $0.2 million in damages pursuant to the Family Law Act (Ontario) and prejudgment interest, costs and such other relief as the court deemed just.
The Corporation is satisfied that the legal proceedings were settled as expected and without any liability or payment by its subsidiaries or its insurer.
About Decisive Dividend Corporation
Decisive Dividend Corporation is an acquisition-oriented company, focusing on the manufacturing sector. The Corporation uses a disciplined acquisition strategy to identify already profitable, established companies that have strong management teams, generate steady cash flow, operate in non-cyclical markets, and have opportunity for future growth.
For more information on Decisive, or to sign up for email notifications of Corporation press releases, please visit www.decisivedividend.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Rick Torriero, Chief Financial Officer
#201, 1674 Bertram Street
Kelowna, BC V1Y 9G4
Telephone: (250) 870-9146
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.