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CLRO > SEC Filings for CLRO > Form 8-K on 19-Nov-2012All Recent SEC Filings

Show all filings for CLEARONE COMMUNICATIONS INC

Form 8-K for CLEARONE COMMUNICATIONS INC


19-Nov-2012

Regulation FD Disclosure


Item 7.01 Regulation FD Disclosure.

ClearOne Communications, Inc. (the "Company") previously reported in its periodic filings that the Company had filed arbitration proceedings against Morgan Stanley & Co., Inc. ("Morgan Stanley") and UBS Financial Services, Inc. ("UBS") with the Financial Industry Regulatory Authority seeking consequential damages with respect to auction rate securities ("ARS") that Morgan Stanley and UBS sold to the Company and turned out to be illiquid. The arbitration sessions against Morgan Stanley were completed on October 8, 2012, and the arbitration sessions against UBS were completed on November 2, 2012. The Company expects to resolve and announce the outcome of both arbitration proceedings regarding its ARS before the end of this year.


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