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CVV » Topics » Note 20 - Commitments and Contingencies

These excerpts taken from the CVV 10-K filed Mar 31, 2009.

Note 20 - Commitments and Contingencies

 

Legal Proceedings

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.

 

 



Note 20 - Commitments and Contingencies

 

Legal Proceedings

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.

 

 



Note 20 - Commitments and Contingencies



 



Legal Proceedings



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.



 



 


















EX-21
2
exhibit211.htm
EXHIBIT 21.1














Exhibit 21.1



SUBSIDIARIES



 



CVD Materials Corporation, a New York corporation, is a wholly owned subsidiary of CVD Equipment Corporation. It is presently inactive.



 



 








 






 









EX-23
3
exhibit231.htm
EXHIBIT 23.1














Exhibit 23.1



 



Note 20 - Commitments and Contingencies



 



Legal Proceedings



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.



 



 


















EX-21
2
exhibit211.htm
EXHIBIT 21.1














Exhibit 21.1



SUBSIDIARIES



 



CVD Materials Corporation, a New York corporation, is a wholly owned subsidiary of CVD Equipment Corporation. It is presently inactive.



 



 








 






 









EX-23
3
exhibit231.htm
EXHIBIT 23.1














Exhibit 23.1



 



EXCERPTS ON THIS PAGE:

10-K (4 sections)
Mar 31, 2009

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