NCSM - NCS Multistage Holdings Inc. Settles Outstanding Commercial Litigation with No Cash Payment By Company | Benzinga
HOUSTON, Dec. 14, 2023 (GLOBE NEWSWIRE) -- NCS Multistage Holdings, Inc. ("NCS," "Company," "we" or "us") (NASDAQ:NCSM) announced that our subsidiary has settled outstanding litigation with Boyd & McWilliams. Under the settlement agreement, that was executed on the preceding day, the insurance carrier will pay all agreed-upon settlement amounts to the plaintiff, resulting in no cash payments by NCS. As of September 30, 2023, we had accrued a provision for litigation of $40.8 million associated with this matter. We expect to fully offset this provision during the fourth quarter of 2023 with ...