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BRIEF-Invion provides litigation update on decision of high court

Published 04/11/2015, 03:29 pm
Updated 04/11/2015, 03:30 pm
© Reuters.  BRIEF-Invion provides litigation update on decision of high court
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Nov 3 (Reuters) - Invion Ltd IVX.AX :

* Litigation update - decision of high court IVX.AX

* Says high court of Australia decision: application by appellants for leave to appeal dismissed

* Says supreme court of Queensland determined that the defendants be required to repay the sum of $1.1 million

* Says the high court of Australia process instituted by the appellants was today dismissed without the need for a hearing

* Court also dismissed the counterclaim by the defendants in which they sought damages from Invion for allegedly breaching an agreement

* Says company intends to use all avenues available to it to recover the judgment debt

* Is to receive $1.3 million, in aggregate, for original judgment and accumulated interest to that date, plus costs of action on an indemnity basis

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