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Stock impact report

Power Solutions International Announces Settlement of Litigation

POWER SOLUTIONS INTL INC (PSIX) 
US:NASDAQ Investor Relations: investors.psiengines.com
Company Research Source: GlobeNewswire
WOOD DALE, Ill., Nov. 17, 2017 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. ("the Company" or “PSI”) (OTC Pink:PSIX), a leader in the design, engineering and manufacture of emissions-certified, alternative-fuel power systems, announced that the Company and its subsidiary, Professional Power Products, Inc., (3Pi) has settled litigation with Carl Trent, Kenneth Trent and CKT Holdings, Inc., (“the Plaintiffs”) in relation to a stock purchase agreement and employment agreements that were entered into in connection with PSI’s acquisition of 3Pi.  The Company, 3Pi and the Plaintiffs asserted claims against each other that they ultimately agreed to resolve in return for full and final mutual releases predicated on PSI making periodic payments through June 2018.  About Power Solutions International, Inc.  Power Solutions International, Inc. (PSI or the Company) is a leader in the design, engineering and manufacture of emissions-certified, alternative-fuel power systems. PSI pr Show less Read more
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