Wednesday, February 9, 2011

Insignia Settles with News America Marketing for $125 Million

Insignia entered into a settlement agreement today with News America Marketing for $125 million. The parties also agreed to a 10-year exclusive agreement related to price-based shelf signs. The agreement comes after lengthy settlement negotiations last week, and on the third day of trial.

“I am pleased that we were able to reach a mutually agreeable settlement and avoid protracted litigation,” said Scott Drill, Insignia’s President, Chief Executive Officer and Secretary, in a press release.

Insignia originally filed suit in 2004.

Related Post: Insignia Trial Begins.
 

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