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Stock Market & Financial Investment News

News Breaks
April 10, 2014
04:55 EDTREMY, REMYRemy International management to meet with B. Riley
Meeting to be held in New York on April 16 hosted by B. Riley.
News For REMY From The Last 14 Days
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September 11, 2014
17:02 EDTREMYRemy International reaches agreement with Tecnomatic to settle lawsuit
Remy International and Tecnomatic announced they have signed a settlement agreement and mutual general release to settle all disputes relating to a 2008 action filed in the U.S. District Court, Southern District of Indiana. In addition, Remy entered into a cross licensing arrangement of certain patents with Tecnomatic. The preliminary value of the patents received from Tecnomatic is approximately $12.3M-$15.9M. Under the terms of the agreement and the cross licensing arrangement, Remy has agreed to pay Tecnomatic a $16.0M cash payment in September and a $16.0M cash payment on or before March 15, 2015.

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