ClearOne Inc. (CLRO: Quote) announced Wednesday morning that with respect to the UBS arbitration, it has settled dispute for $45 million, effective December 10, 2012. With respect to the Morgan Stanley arbitration, the arbitration panel denied ClearOne’s claims in their entirety.
ClearOne gapped open higher Wednesday and has spiked to the upside in early trade. The stock is now up 2.02 at $6.45, with volume at over a 9-month high. ClearOne has surged to a new high for the year.
Click here to receive FREE breaking news email alerts for clearone communications inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comBusiness News