MEM 0.00% 0.5¢ memphasys limited.

Nov 21 (Reuters) - Memphasys Ltd (MEM) : Received a statement...

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    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
 
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