BRIEF-Phunware Inc Entered Into A Settlement Agreement And Release Of Claims With WSGR Settling Uber Litigation On March 5

Reuters03-15

March 14 (Reuters) - Phunware Inc :

* PHUNWARE INC - ON MARCH 5 ENTERED INTO A SETTLEMENT AGREEMENT AND RELEASE OF CLAIMS WITH WSGR SETTLING UBER LITIGATION

* PHUNWARE INC - AS PART OF SETTLEMENT AGREEMENT, COMPANY WAS REQUIRED TO PAY WSGR A TOTAL SUM OF $2.19 MILLION NO LATER THAN MARCH 8

* PHUNWARE INC - AS PART OF SETTLEMENT AGREEMENT CO TO FILE REQUESTS FOR DISMISSAL OF UBER LITIGATION, WITH PREJUDICE, WITH SANTA CLARA SUPERIOR COURT

* PHUNWARE INC - AS PART OF SETTLEMENT AGREEMENT, COMPANY WAS REQUIRED TO REQUEST THAT UBER ARBITRATION BE DISMISSED AND CLOSED WITH PREJUDICE

* PHUNWARE-SETTLEMENT PROVIDES CO,WSGR RELEASE EACH OTHER FROM ALL CLAIMS CO/WSGR MAY HAVE AGAINST ONE ANOTHER WITH RESPECT TO UBER LITIGATION/UBER ARBITRATION

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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