These excerpts taken from the CVV 10-K filed Mar 31, 2009.
Note 20 - Commitments and Contingencies
On September 18, 2007 a settlement was reached between the Company and Precision Flow Technologies, Inc. of the pending litigation. Under the terms of the settlement, all claims and counterclaims asserted by the parties in previously filed lawsuits were discontinued in consideration of which we will receive payments totaling $541,600 to be paid over a specific timetable as defined. As of December 31, 2008 we have received $408,300.