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AllDigital Announces Settlement With Three Former Executives

20:00 EDT 16 Jul 2015 | Globe Newswire

IRVINE, Calif., July 17, 2015 (GLOBE NEWSWIRE) -- AllDigital filed a lawsuit in May 2014 against John Walpuck, its former Chief Operating Officer and Chief Financial Officer, David Hemingway, its former Vice President of Media Services, and Konstantin Wilms, its former Chief Technology Officer, in the Superior Court of the State of California, Orange County, for misappropriation of trade secrets and other alleged conduct (Case No. 30-2014-00723384-CU-IP-CJC). AllDigital voluntarily dismissed its suit on September 5, 2014, and Mr. Walpuck, Mr. Wilms, and Mr. Hemingway have assured AllDigital, and the company is now satisfied, that they did not engage in the conduct alleged in that complaint. Accordingly, the parties have entered into a confidential settlement resolving all claims relating to their employment with AllDigital.

About AllDigital

AllDigital engineers software and hardware solutions to accelerate and optimize the distribution of digital video. AllDigital is the developer of AllDigital Brevity, a software and hardware-based solution designed to move digital video files at high speeds, with patented technology to optimize the digital workflow by encoding digital video files during high-speed transmission.

For more information about AllDigital (ADGL) visit www.alldigital.com.

CONTACT: Email: ir@alldigital.com
         Phone: 949-250-0701 x 101

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