Longsys Resolves Trade Secret Dispute, Withdraws Lawsuit
Longsys has reached a settlement in its trade secret dispute and withdrawn the lawsuit. The company received a civil ruling from the Guangdong High People's Court permitting the withdrawal of claims against Lu Hao, Zhao Ying, and Jingcun Company. The settlement is not expected to negatively impact daily operations or current and future earnings.
Longsys has reached a settlement in its trade secret dispute and withdrawn the lawsuit. The company received a Civil Ruling from the Guangdong High People's Court, which permitted all parties to withdraw their claims in the case concerning the alleged infringement of the company's trade secrets by Lu Hao, Zhao Ying, and Jingcun Company. With the settlement now in place, the withdrawal will not have a negative impact on the company's daily operations or its current and future financial results.