Computer Horizons settles Chimes suit
December 20 2007
Computer Horizons Corp. (OTCBB: CHRZ.PK) said Wednesday it settled a lawsuit with Axium International Inc. for $175,000. Axium purchased Computer Horizons' Chimes subsidiary in February 2007. The suit alleged "fraudulent conduct" and other allegations, according to a filing with the U.S. Securities and Exchange Commission.
The company also sold its commercial services business to TEKsystems earlier this year and its RGII Technologies Inc. subsidiary to NetStar-1 in 2005.
Computer Horizons also announced Wednesday will pay a liquidation distribution of 30 cents per share on Feb. 11.