Wall Street News Alert Featured Company: Signature Devices, Inc. (SDVI.PK) Settles Lawsuit
Signature Devices announced today that SNK Playmore has agreed to settle a lawsuit which was filed after the company breached a contract with Signature Devices. The lawsuit was initiated in 2006. Kenneth Hurley, chief executive officer of Signature Devices, Inc., said, "We are pleased with the outcome of this legal proceeding, all of which demonstrates Signature Devices commitment to defending its rights for compensation under development agreements, thereby protecting the investment of its shareholders, employees and sub-contractors. This settlement shows our commitment to fair and equitable development agreements as both a publisher and developer. It is also a great feeling…