Business
Madison Capital Markets LLC Court Case Dismissed
Madison Capital Markets LLC Court Case Dismissed.
About this update from Cindrigo Holdings Limited
[{"type":"text","content":"\n \nRNS Number : 0814I Challenger Acquisitions Limited 25 August 2016 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.\n \nFor Immediate Release \n 25 August 2016\nChallenger Acquisitions Limited\n(\"Challenger\" or the \"Company\")\n \nMadison Capital Markets LLC Court Case Dismissed\n \nChallenger Acquisitions Limited (LSE: CHAL), a leader in the Giant Observation Wheel industry, is pleased to announce that the complaint filed against the Company and some of its subsidiaries on 11 September 2015 by Madison Capital Markets LLC (\"Madison\") has been dismissed. \n \nThe complaint, where Madison demanded compensation for alleged services for advising and facilitating the Company's acquisition of Starneth Group and investment in the New York wheel project, has been denied by the United States District Court for the Southern District of New York (Case 1:15-cv-07213), and Madison has been denied motion for leave to amend the complaint. \n \nMark Gustafson, the Company's Chief Executive Officer said: \"This is the outcome we were expecting and we are delighted that we can now put this court case behind us and are very grateful to our shareholders for their patience during this time.\" \n \nThis announcement contains inside information.\n \n**ENDS**\n \nFor more information visit www.challengeracquisitions.com or enquire to: \n \n\n\n\n\nChallenger Acquisitions Limited\n\n\n\n\n\n\n\nMark Gustafson\n\n\n+1 604 454 8677\n\n\...