Comarco Announces Joint Agreement to Dismiss Outstanding Litigation With iGo
5-27-2009LAKE FOREST, Calif., May 27, 2009 /PRNewswire-FirstCall via COMTEX/ -- Comarco, Inc. (Nasdaq: CMRO) today announced that it has reached an agreement with iGo, Inc. whereby both parties have agreed to dismiss, without prejudice, their long-standing pending litigation (iGo, Inc. f/k/a Mobility Electronics, Inc. v. Comarco, Inc., et al., No. 2:08-cv-01224-JWS, pending in the United States District Court for the District of Arizona). Under the agreement, each side dismissed, without prejudice, the pending lawsuit and agreed to bear their own costs and attorneys' fees.
"Ending this pending litigation with iGo was another major milestone for Comarco," said Sam Inman, President and Chief Executive Officer of Comarco. "With this agreement, we will avoid significant litigation expenses this year, strengthening our position to achieve much improved performance in fiscal 2010."
About Comarco
Based in Lake Forest, Calif., Comarco is a leading provider of innovative mobile power solutions through its ChargeSource(R) line of multi-function universal mobile power products which can simultaneously power and charge multiple devices such as notebook computers, mobile phones, BlackBerry(R) smartphones, iPods(R), and many other rechargeable mobile devices. More information about Comarco and its product lines can be found at http://www.comarco.com and www.chargesource.com.
SOURCE Comarco, Inc.
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