Power Solutions International Inc. (PSI), a leader in the design, engineering and manufacture of emissions-certified, alternative-fuel power systems, announces the company and its subsidiary, Professional Power Products Inc., (3Pi) has settled litigation with Carl Trent, Kenneth Trent and CKT Holdings Inc., ("the Plaintiffs") in relation to a stock purchase agreement and employment agreements that were entered into in connection with PSI's acquisition of 3Pi. The company, 3Pi and the Plaintiffs asserted claims against each other that they ultimately agreed to resolve in return for full and final mutual releases predicated on PSI making periodic payments through June 2018.
Power Solutions International Announces Settlement of Litigation
PSI has reached a settlement in regards to a stock purchase agreement and employment agreements that were entered into in connection with its acquisition of Professional Power Products Inc.
November 20, 2017
