litigation
confidence high
sentiment positive
materiality 0.70
Reliability receives arbitration award affirming rights; shares to be transferred to company
RELIABILITY INC
- Arbitrator's Supplemental Award affirms Receiver's proposed conclusions and prior arbitration rulings.
- Constructive trust imposed on certain RLBY shares held by third parties; transfers restricted pending court action.
- Company's transfer agent directed to transfer specified shares to Reliability to satisfy award balances.
- Company authorized to pursue recoupment via judicial proceedings; may act independently of Receiver.
- Company will seek Maryland court order confirming the Supplemental Award.