Reading International, Inc. (NASDAQ:RDI) Files An 8-K Other EventsItem 8.01Other Events.
On December 11, 2017, the Honorable Elizabeth Gonzalez of the District Court for Clark County Nevada (“District Court”) announced her decision, on certain motions that were pending, in the matter Cotter vs. Cotter, et al., Case No.:A-15-719860-B, Dept. No. XXVII (the “Cotter Jr. Derivative Litigation”) and dismissed all derivative claims against Directors Judy Codding, Edward L. Kane, William Gould, Douglas McEachern and Michael Wrotniak.The Court also announced its determination to dismiss any derivative claims relating to the unsolicited indication of interest made by Patton Vision, LLC, to acquire all of the outstanding stock of the Company in that Plaintiff had shown no damages to have resulted to the Company from the Board’s determination not to pursue such a non-binding proposal.
Under applicable Nevada law, the District Court’s decision will not be final until a written order is issued.While no assurances can be given, the Company anticipates that such a written order will be forthcoming in the near future. The remaining unresolved claims asserted in the Cotter Jr. Derivative Litigation have been set for trial commencing on January 8, 2018.
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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