News: GTN GTN Ltd updates on legal proceedings

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    Jan 5 (Reuters) - Gtn Ltd (GTN)

    • GTN Limited subsidiaries joined to radiate litigation-gtn.ax
    • certain of its us subsidiaries have been joined to legal proceedings filed against radiate media, llc
    • TTWN is claiming tortious interference by radiate, shulman and GTN subsidiaries
    • TTWN is seeking both damages and injunctive relief
    • A subsidiary of gtn has entered into a consulting agreement with haake to provide services to gtn outside united states
    • TTWN alleges that they induced haake, a former employee of ttwn, to violate terms of his employment contract with ttwn
    • GTN denies causes of action against it and intends to vigorously defend these proceedings
    • Potential liability of gtn under claim is currently unquantifiable
    • GTN believes that arrangement does not conflict with haake's contractual obligations to TTWN
 
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