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Polaris ends legal battle with US co

December 01, 2007 13:14 IST
By BS Reporter in Chennai
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.

BS Reporter in Chennai
Source:

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