Array technologies, inc. enters into settlement agreement with nextracker llc, flextronics international u.s.a., inc.

Albuquerque, n.m., july 21, 2022 (globe newswire) -- array technologies, inc. (“array”) (nasdaq: arry) and nextracker llc, daniel s. shugar, marco garcia, flextronics international u.s.a., inc., scott graybeal and colin mitchell have entered into a monetary settlement agreement to resolve a lawsuit array filed in 2017 in the united states district court for the district of new mexico, case no. 1:17-cv-00087-jch-lf. array's claims in the lawsuit included misappropriation of array's trade secrets, tortious interference of contract, and breach of contract. the trial was set to begin on monday, july 18, 2022.
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