BRIEF-Cathedral Energy Services Ltd. announces settlement of U.S. collective action lawsuits
Aug 9 (Reuters) - Cathedral Energy Services Ltd
* Cathedral Energy Services Ltd. announces settlement of united states collective action lawsuits
* Under terms of settlement agreement, parties will establish a settlement fund of up to US$3.4 million
* Entered into settlement agreement, release in respect of 2 wage and hour lawsuits filed against unit Cathedral Energy Services Inc
* Settlement agreement contemplates structured quarterly payments which are subject to Cathedral's financial condition Source text for Eikon: Further company coverage:
© Thomson Reuters 2017 All rights reserved.