Tuesday, June 30, 2009

Navisite settles LTI dispute for $5.75M

from Boston Business Journal:

>>Navisite Inc., a provider of Web-based technology services, said it will pay $5.75 million to settle a two-year-old arbitration dispute with La Touraine Inc., an Internet marketing company based in California.

Navisite said it would pay the $5.75 million settlement with cash on hand and borrowings through a line of credit.

Navisite, which sued the former stockholders of Jupiter, said it continues to pursue its claims in court.

No comments: