Chanticleer Holdings, Inc.
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Chanticleer Holdings, Inc. Securities Settlement
The lawsuit was settled for $850,000 in cash.The following is a summary of the proceedings in this lawsuit: ‘Plaintiffs allege that the Defendants violated the federal securities laws by making misrepresentations or omissions of material fact in the Registration Statement and Prospectus filed in connection with Chanticleer June 21, 2012 public offering. Chanticleer Defendants, Creason and Lead Plaintiffs disagree on liability and damages.’