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Clear Choice Health Plans, Inc.
Clear Choice Health Plans Settles Litigation
September 21st, 2008
Clear Choice Health Plans, Inc. (OTCBB: CCHN) announced it has concluded a settlement agreement that completely absolves the company against liabilities related to a lawsuit filed in 2007 by Priscilla Evans and Dale Evans in Deschutes County Oregon Circuit Court. Pursuant to the terms of the settlement agreement, the plaintiff will receive $1.5 million. The lawsuit sought to recover damages of $20 million, plus attorneys' fees. The settlement was covered by insurance, with the company only being responsible for its deductible. Clear Choice said that although it has always believed that the company had strong meritorious defenses, management...
Source: Pharma Investments, Ventures & Law Weekly (2008-09-21)
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