NEW YORK, NY — (Marketwired) — 08/01/13 — (the "Company"), a global provider of digital television and media solutions, announced that it has commenced legal action against utd. by content, formerly known as Content Solutions International N.V.In June 2012, Content Solutions International N.V. acquired KIT digital-s content solutions business for $18.8 million, comprised of an initial cash payment of $1.0 million and a $17.8 million multi-year earn-out payment obligation based on
NEW YORK, NY — (Marketwired) — 07/01/13 — ("KIT"), a global provider of digital television and media solutions, recently signed a memorandum of understanding (the "MOU") to settle a series of federal securities lawsuits filed against KIT and certain of KIT-s current and former officers and directors. The lawsuits concerned conduct that was alleged to have occurred between 2008 and 2011. The MOU is an important milestone as KIT continues to build momentum for a successful
