SSP Offshore reaches arbitration settlement
SSP Offshore has received an arbitration award of $2,672,313 from South Riding Point Holding.
Jul 14th, 2010
Offshore staff
HOUSTON -- SSP Offshore has received an arbitration award of $2,672,313 from South Riding Point Holding. The cash payment arises from an action filed in 2006 by SSP in regards to a dispute with a client of the subsea engineering division that was sold by the SSP in 2009.
Also, SSP Offshore says it has granted 250,000 stock options to Hugh Parry, a recent addition to the board of directors.
07/14/2010