Nov 21 (Reuters) - Memphasys Ltd (MEM) :
- Received a statement of claim from Transocean Securities Pty Ltd
- Memphasys has sought to settle matter expeditiously
- Transocean is claiming that co did not have right to terminate mandate, appoint Platinum Road as it had exclusivity arrangement with Transocean
- Transocean is now seeking to recover damages, including value of monthly retainer between april 2016 and december 2017
- Memphasys has made various offers of settlement to avoid litigation, without admission of liability, however has not reached agreement
News: MEM Memphasys Ltd updates on statement of claim from Transocean Securities Pty
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