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BRIEF-Mobile Embrace updates on litigation filed by GBD

Published 19/11/2015, 06:52 pm
© Reuters.  BRIEF-Mobile Embrace updates on litigation filed by GBD
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Nov 19 (Reuters) - Mobile Embrace Ltd MBE.AX :

* Says further update will be provided by the company once the defence and cross claim have been filed

* Has been advised that the claim by GBD has been reduced from approximately $4 million to approximately $3.5 million

* Says company reiterates its position that it believes no monies are due to gbd or any other party

* Will be vigorously defending the claim as well as pursuing a cross claim not only against GBD but other parties as well

* Says "MBE is also able to advise the party named as the defendant in the proceedings is Mobile Embrace Limited

* Refers to litigation in relation to claim brought against the company by GBD

* Source text for Eikon ID:nASX9kFKf6

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