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ERII > SEC Filings for ERII > Form 8-K on 14-Aug-2014All Recent SEC Filings

Show all filings for ENERGY RECOVERY, INC.



Other Events

Item 8.01 Other Events

On August 8, 2014 Energy Recovery Inc. (the "Company") entered into a confidential settlement agreement (the "Agreement") in the matter entitled "Roy Radakovich, as representative on behalf of former shareholders of Pump Engineering, LLC v. Energy Recovery, Inc.," in the U.S. District Court for the Eastern District of Michigan (Southern Division) Case No. 2:11-cv-13443-DPH-MAR. Under the Agreement, the Company will receive $2.125 million from the established escrow account, and plaintiffs will receive $1.375 million from said escrow account with neither party admitting to any liability or responsibility.

The information in this report is being furnished pursuant to Item 8.01and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

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