Titan Medical Inc.

12:00 PM EST - Titan Medical Inc. : Has entered into a settlement agreement with Naglreiter Consulting, LLC, d/b/a Naglreiter MDDO to settle claims in the lawsuit styled Naglreiter Consulting LLC, d/b/a Naglreiter MDDO v. Titan Medical Inc. (Case No. 0:19-cv-62574) pending in the United States District Court for the Southern District of Florida. Under the terms of the settlement agreement, Titan will pay a sum of $1,050,000 U.S., Naglreiter will return certain personal property and related electronic data in its possession, and the pending litigation will be dismissed with prejudice. Each party is responsible for its own costs, expenses and attorneys’ fees. Titan Medical Inc. shares T.TMD are trading up $0.29 at $1.99.