litigation
confidence high
sentiment neutral
materiality 0.60
Reliability Inc. enters Arbitration and Tolling Agreements to resolve pending shareholder litigations
RELIABILITY INC
- Agreement with shareholder Naveen Doki, M.D., and affiliates to arbitrate disputes in Maryland.
- Pending litigations in Texas, New York, Maryland courts and AAA to be stayed or dismissed.
- Parties agree to maintain status quo in corporate governance pending final arbitration award.
- Tolling agreement preserves statute of limitations after dismissal of pending litigation.