"OneView Healthcare (ASX:ONE) also surged 11% after announcing that it has reached a commercial settlement with aged care operator, Regis Healthcare (ASX:REG), in relation to the claim launched by ONE for breach of contract.The terms of the settlement are confidential, but provides for a cash payment to ONE of $2 million to be paid within 30 days.The settlement was also made between the parties without admission of liability of either party.In December 2020, OneView launched a legal claim against Regis in the Supreme Court of Victoria, claiming that Regis breached a collaboration agreement that was meant to develop a care management solution.OneView had pursued damages following a change of leadership at Regis, where Regis advised that it would not deploy the new care management solution."
Copied from *. I hope that helps clarify the announcement for anyone who wasn't sure.
Ann: Settlement of Legal Dispute with Regis, page-6
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