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News Breaks
March 19, 2013
17:11 EDTLOCMLocal to delay filing 10-K
Local has determined that it is unable to file its Annual Report on Form 10-K for the year ended December 31, 2012 by the prescribed date without unreasonable effort or expense. The reason for the delay is to allow the Registrant additional time to gather information required for an accurate and full completion of the Annual Report on Form 10-K. The filing delay is not the result of the need to restate any prior period financial results. The Registrant will file the Form 10-K within the additional time allowed by the Form 12b-25.
News For LOCM From The Last 14 Days
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September 4, 2014
08:08 EDTLOCMLocal initiated with a Buy at H.C. Wainwright
Target $4.
September 3, 2014
07:32 EDTLOCMLocal reaches 'favorable' settlement in patent infringement litigation
Local announced that it has reached a "favorable" settlement agreement in its patent infringement action with Fry’s Electronics, Inc. The terms of the settlement are confidential. The company said, "Overall, we currently believe that a conservative estimate of potential future licensing fees that could be generated from this patent is $100M. We believe we are well-positioned to explore the monetization of our other patent families as well, including our pay-per-call patents.”

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