litigation
confidence medium
sentiment positive
materiality 0.60
Innovative Food Holdings settles PA lawsuit; all liabilities covered by insurance
INNOVATIVE FOOD HOLDINGS INC
- Settlement and release agreement received Jan 29, 2024 from plaintiffs in Philadelphia County action.
- All liabilities resolved within insurance carriers' coverages; no out-of-pocket cost to company.
- Previously disclosed on Jan 22, 2024; final agreement now executed between parties.
- Action involved Company, igourmet, and Food Innovations as defendants.