LAWSUITS NEWS & LEGAL INFORMATION
Legacy Litigation
Las Vegas, NV: (Nov-06-07) Derek Webb and Prime Table Games brought charges against Progressive Gaming International Corp. in 1997. In a recent development in the decade long suit, sources stated that Progressive Gaming had entered into a settlement agreement with Derek Webb and Prime Table Games concerning all outstanding litigation in the case.
As part of the agreement, Progressive Gaming consented to pay Webb $20 million in cash within one day of execution of the settlement agreement and to reimburse Webb's legal fees within 30 business days of execution of the deal. Records show that following a ruling by the United States District Court for the Southern District of Mississippi to not grant Progressive's post-trial motions in the Webb case, that it would move forward with the appeals to the appropriate federal appellate court and planned to post a $20 million bond by November 8, 2007 in conjunction with the appeal of the case. [BUSINESS WIRE: LEGACY LITIGATION]
Published on Nov-7-07
As part of the agreement, Progressive Gaming consented to pay Webb $20 million in cash within one day of execution of the settlement agreement and to reimburse Webb's legal fees within 30 business days of execution of the deal. Records show that following a ruling by the United States District Court for the Southern District of Mississippi to not grant Progressive's post-trial motions in the Webb case, that it would move forward with the appeals to the appropriate federal appellate court and planned to post a $20 million bond by November 8, 2007 in conjunction with the appeal of the case. [
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