Bantek, Inc. (OTCPINK: DRUS) (“Bantek” f/k/a Drone USA”), a service provider and reseller of drones, insulation jackets and distributor of products to the U.S. Government, today announced that Drone USA and its former Chief Strategy Officer, Paulo Ferro, recently settled their lawsuit against each other with a payment to Mr. Ferro. In connection therewith, and after an investigation, Drone has withdrawn all of its claims against Mr. Ferro, including its claim for misappropriation of trade secrets.
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