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BRIEF-Mobile Embrace updates on legal proceedings

Published 23/11/2016, 12:07 pm
© Reuters.  BRIEF-Mobile Embrace updates on legal proceedings
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Nov 23 (Reuters) - Mobile Embrace Ltd MBE.AX

* update in relation to supreme court litigation further to its most recent announcement of 10 august this year.

* MBE has now quantified amount of its cross claim against plaintiffs in an amount between $4m and $11m.

* Exchange of written evidence has commenced and is expected to be finalised in late January

* amount that would be recoverable in mbe's favour is not known in event that mbe succeeds in its cross claim.

* MBE continues to deny claim by GBD in its entirety and will continue to vigorously pursue its cross claim Source text for Eikon: ID:nASX1pvQ6h Further company coverage: MBE.AX

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