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Monday, June 22, 2015 9:51:42 PM
The settlement was a compromise in which Evermedia received a net cash award of nearly $304,000, a confession and apology from Richard Weitzel, and the return of all shares of Evermedia stock owned by Weitzel and Waldroop. In exchange, Evermedia agreed to drop the civil lawsuit against both defendants and relinquish a sum of $76,000 as well as issue mutual releases. There were two other issues related to the suit that were recently discharged, an invoice and a meeting. Moreover, there was a dispute over property related to STS operations that was resolved Monday, June 15th.
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