ClearOne Reports Favorable Results in Lawsuit Appeal
ClearOne told rAVe today about an important victory in the Utah Supreme Court in a dispute relating to the company’s indemnification of a former officer for costs associated with her criminal defense. As a result of this ruling, which cannot be appealed, ClearOne expects to recoup approximately $500,000 in attorneys’ fees previously paid to indemnify the company’s former CFO.
“We are pleased that this ruling will result in a significant net financial benefit for ClearOne,” said Chairman and CEO Zee Hakimoglu. “I want to thank our current management team and Board of Directors for remaining focused on successfully growing the company while we resolved these legacy matters that transpired nearly ten years ago.”
ClearOne is here: http://www.clearone.com/
More Stories Like This
Since ClearOne Is a Public Company, Lack of MS Teams Rooms Certification Hurt It
ClearOne reported financial results for the three- and twelve-month periods ended Dec. 31, 2023. Q4 2023 (October – December) revenue was $4.2 million, compared to $4.0 million in Q4 2022 and $4.9 million in Q3 2023. The company says the decrease was driven by lower demand for microphone products (and lack of MS Teams Rooms […]
ClearOne to Debut DIALOG 20 USB 2-Channel Wireless Microphone System at ISE 2024
SALT LAKE CITY, UTAH, January 23, 2024 — ClearOne (NASDAQ: CLRO), a global market leader in conferencing, collaboration, and network streaming solutions, today announced it will debut its new DIALOG® 20 USB microphone at ISE 2024 in Barcelona, Spain at Stand #2N150. The flexible, high quality 2-channel Wireless Microphone System features less than four milliseconds of audio latency […]
ClearOne Debuts DIALOG 20 USB Presenter and Shared Audience Mic
ClearOne announced DIALOG 20 USB microphone for hybrid meetings that require a dedicated presenter microphone and a shared audience microphone with simultaneous sound reinforcement, such as any type of hybrid training or presentation session. The DIALOG 20 USB works in spaces up to 2500 square feet. ClearOne says there are lower cost two-channel wireless microphones […]