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BRIEF-Monster Digital Terminates License Deal Between Monster Inc, SDJ Technologies
December 4, 2017 / 8:42 PM / 9 days ago

BRIEF-Monster Digital Terminates License Deal Between Monster Inc, SDJ Technologies

Dec 4 (Reuters) - Monster Digital Inc:

* MONSTER DIGITAL ANNOUNCES STRATEGIC AND LEGAL DEVELOPMENTS

* HAS FORWARDED MONSTER INC A NOTICE OF TERMINATION OF TRADEMARK LICENSE DEAL BETWEEN MONSTER INC, SDJ TECHNOLOGIES

* MONSTER DIGITAL SAYS HAS BEEN “DISSATISFIED” WITH ROYALTY RATE UNDER LICENSE DEAL, IN LIGHT OF DECREASING SALES, DEMAND FOR ACTION SPORTS CAMERAS

* VOLUNTARY DISMISSAL BY PLAINTIFF IN CONNECTION WITH CLASS ACTION COMPLAINT FILED AGAINST CEO, DAVID H. CLARKE & CERTAIN BOARD MEMBERS

* BELIEVES ITS EXISTING SPORTS CAMERA BUSINESS CAN STILL BE “VIABLE” WITHOUT USE OF MONSTER BRAND

* HAD TALKS WITH OTHER COMPANIES FOR A MORE COST EFFECTIVE LICENSE UNDER WHICH IT COULD MARKET PRODUCTS SUCH AS ACTION SPORTS CAMERAS Source text for Eikon: Further company coverage:

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