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News Breaks | | | | March 30, 2012 | | 07:32 EDT |  | EDS | Exceed announces settlement of dispute with D.B. Research
Exceed announced that it has reached settlement with D.B. Research, an independent research firm based in Chesapeake, Virginia, and its principal Michael Joseph Ritinski, in connection with the reports issued by D.B. Research in August 2011 and on March 14. Pursuant to the Settlement Agreement, D.B. Research has agreed to remove the Reports from its website and undertake its best efforts to remove said Reports from third-party websites. D.B. Research has further agreed to relinquish any positions it has relative to Exceed and that it will not assist others in the future in taking short positions in the company's stock. As a condition of settlement, neither D.B. Research nor Ritinski admit to any liability or wrongdoing. | |
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