Smith Settles Dispute
- Share via
NEWPORT BEACH — Smith Technology Corp. said it has reached a tentative settlement with a group that had received an arbitration award of $4.5 million stemming from a dispute over the operation of a recycling and processing plant near Portland, Ore.
Under terms of the settlement, Smith Technologies agreed to make payments of at least $2.25 million to PRP Group for up to six years.
The dispute involves a contract between PRP Group and Canonie Environmental Services Corp. before Canonie was acquired by Smith Technologies. Canonie designed and operated the plant.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
