LAWSUITS NEWS & LEGAL INFORMATION
Wood River Capital Management
San Jose, CA: (May-23-07) Endwave Corporation, a manufacturer of RF modules that enable the transmission, reception and processing of high-frequency signals in telecommunications networks, defense electronics and homeland security systems, filed suit against Wood River Capital Management and its affiliates over registration rights.
In a settlement reached with the court-appointed receiver for Wood River Capital Management, Endwave is required to file a shelf registration statement covering the resale of the Endwave shares held by the Wood River entities and the receiver may request, at any time before the first anniversary of the date the shelf registration is declared effective, and that Endwave assist in a public offering of such shares.
Upon completion or termination of any such offering, the receiver will be required to pay Endwave $425,000 for out-of-pocket expenses incurred by Endwave arising out of the Wood River entities' accumulation of Endwave common stock and will also be required to pay Endwave's expenses in connection with the offering, subject to limitations set forth in the registration rights agreement. The settlement agreement includes mutual releases by both Endwave and the receiver that will become effective upon the payment of such amounts. [EARTH TIMES: RIGHTS REGISTRATION]
Published on May-24-07
In a settlement reached with the court-appointed receiver for Wood River Capital Management, Endwave is required to file a shelf registration statement covering the resale of the Endwave shares held by the Wood River entities and the receiver may request, at any time before the first anniversary of the date the shelf registration is declared effective, and that Endwave assist in a public offering of such shares.
Upon completion or termination of any such offering, the receiver will be required to pay Endwave $425,000 for out-of-pocket expenses incurred by Endwave arising out of the Wood River entities' accumulation of Endwave common stock and will also be required to pay Endwave's expenses in connection with the offering, subject to limitations set forth in the registration rights agreement. The settlement agreement includes mutual releases by both Endwave and the receiver that will become effective upon the payment of such amounts. [EARTH TIMES: RIGHTS REGISTRATION]
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