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Polaris-Data Inc row:US firm gets $0.6mn

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BS Reporter Chennai
Last Updated : Feb 05 2013 | 2:51 AM IST
Polaris Software has signalled an end to its seven-year legal battle with New Jersey-based Data Inc and its President and CEO Arun Verma.
 
On November 26, a US court closed Data Inc's prolonged lawsuit against Polaris after Polaris agreed to make a full and final settlement payment of $600,000 to Data Inc.
 
Polaris Chief Financial Officer Srikanth said that the company was satisfied with final settlement of the long-pending case.
 
"This case has taken up a lot of our time and energy, and has now been appropriately closed," Srikanth said.

 

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