Insignia Systems settles antitrust lawsuit with News America; receives $20M payment

BLOOMIA HOLDINGS, INC.

Insignia and News America entered into a Confidential Settlement Agreement dated July 1, 2022.
News America agrees to pay Insignia $20,000,000 within 5 business days after court dismisses claims.
Both parties file stipulations of dismissal with prejudice; mutual releases and covenants not to sue.
Settlement resolves Insignia's federal and state antitrust and tortious interference claims filed July 2019.
No admission of liability; parties agree to mutual non-disparagement and confidentiality terms.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.