|
Quotes & Info
|
| SDBT > SEC Filings for SDBT > Form 8-K on 14-Feb-2013 | All Recent SEC Filings |
14-Feb-2013
Other Events
On February 12, 2013, the U.S. District Court of the Northern District of Texas dismissed the claims initiated against GameStop Corp. and GameStop Inc., which together we refer to as GameStop, in the class action litigation entitled Karayan v. GameStop Corp. and GameStop Inc., which we refer to as the Karayan Litigation.
As previously disclosed, the Karayan Litigation was filed against GameStop on October 21, 2011, based in part on mobile termination text messages. We were not a named defendant or other party in the Karayan Litigation. As also disclosed previously, on October 21, 2011, we received a notice from GameStop requesting indemnification in connection with the Karayan Litigation, and on January 6, 2012, we delivered a letter agreement to GameStop in which we agreed to indemnify GameStop in relation to certain aspects of the Karayan Litigation.
Following the filing of a Notice of Dismissal by the plaintiff, the court dismissed the Karayan Litigation with prejudice on February 12, 2013. For the purpose of avoiding additional litigation costs, we agreed to pay to the plaintiff, on behalf of GameStop, an immaterial amount, and we effectively have been relieved of any further indemnification obligations to GameStop relating to the Karayan Litigation.
|
|