Posted On: 03/09/2014 3:56:17 PM
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Latest Digerati Technologies (DTGIQ) Headlines
Digerati Resolves Chapter 11 Controversies
Marketwire - Thu Jan 23, 9:01AM CST
Digerati Technologies, Inc. (PINKSHEETS: DTGIQ) today provided an update on its Chapter 11 Bankruptcy case. After months of litigation associated with Digerati, numerous parties entered into negotiations in early January 2014 that resulted in a mutual agreement that settled disputes between those parties. The settlement was structured in the form of two agreements, a State Court Agreement that included several non-Digerati parties and a Bankruptcy Settlement Agreement ("Settlement Agreement") that included Digerati and many of the parties to the State Court Agreement. The Settlement Agreement resolves the controversy and litigation that has surrounded Digerati since December 2012, resulting from the November 2012 transaction whereby Digerati acquired two oilfield services companies operating in the Bakken region of North Dakota and Montana.
Digerati Resolves Chapter 11 Controversies
Marketwire - Thu Jan 23, 9:01AM CST
Digerati Technologies, Inc. (PINKSHEETS: DTGIQ) today provided an update on its Chapter 11 Bankruptcy case. After months of litigation associated with Digerati, numerous parties entered into negotiations in early January 2014 that resulted in a mutual agreement that settled disputes between those parties. The settlement was structured in the form of two agreements, a State Court Agreement that included several non-Digerati parties and a Bankruptcy Settlement Agreement ("Settlement Agreement") that included Digerati and many of the parties to the State Court Agreement. The Settlement Agreement resolves the controversy and litigation that has surrounded Digerati since December 2012, resulting from the November 2012 transaction whereby Digerati acquired two oilfield services companies operating in the Bakken region of North Dakota and Montana.
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