Jury Decides Against Badger, Badger Intends to Appeal
Calgary, Alberta (FSCwire) - Badger Daylighting Ltd. announces that a jury in the District Court of Creek County, Oklahoma, Bristow Division, has entered a verdict of approximately USD $13.7 million in favor of a former franchisee and his franchise against a subsidiary of Badger for breach of contract and other causes of action. Badger strongly disagrees with the result and intends to appeal.
Badger is North America’s largest provider of non-destructive excavating services. Badger traditionally works for contractors and facility owners in the utility and petroleum industries. Our key technology is the Badger Hydrovac, which is used primarily for safe digging in congested grounds and challenging conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. Badger manufactures its truck-mounted hydrovac units.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
For more information regarding this press release, please contact:
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Tor Wilson President and CEO
1000, 635 – 8th Avenue SW Calgary, AB T2P 3M3 Phone: (403) 264-8500 Fax: (403) 228-9773 |
or |
Jerry Schiefelbein Vice President Finance and CFO
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To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/BadgerJune162015EG.pdf
Source: Badger Daylighting Ltd. (TSX:BAD) http://www.badgerinc.com/
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