Petaquilla settles lawsuit with former president Levy

2012-12-03 10:45 PT - Street Wire


by Mike Caswell

Petaquilla Minerals Ltd. and its former president, CKNW commentator Michael Levy, have settled a lawsuit in the Supreme Court of British Columbia that began over stock options and grew to include allegations that Mr. Levy's wife improperly received shares in an OTC Bulletin Board listing. Under the terms of the deal, both sides will pay their own legal costs for the four-year case. Other terms of the settlement, if any, were not disclosed.