Polaris [Get Quote] Software has signalled an end to its seven-year legal battle with New Jersey-based Data Inc and its president and CEO Arun Verma. On November 26, a US court closed Data Inc's prolonged lawsuit against Polaris after Polaris agreed to make a full and final settlement payment of $600,000 to Data Inc.
Polaris Chief Financial Officer Srikanth said that the company was satisfied with final settlement of the long-pending case.
"This case has taken up a lot of our time and energy, and has now been appropriately closed," Srikanth said.
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