ION Settles 5+ Year Investigation

No Admission or Determination of Wrongdoing

Metadata
Provider: 
PRWebPRWeb
URL: 
http://www.prweb.com/releases/2018/03/prweb15332161.htmhttp://www.prweb.com/releases/2018/03/prweb15332161.htm
Retrieved on: 
Wednesday, March 28, 2018
Information
Tags: 
Television in the United States, Ion Media, Ion Television, Lithium-ion battery, Television
Summary
Key Points: 
  • Although ION disputes the DOJs allegations, ION elected to settle in order to avoid the cost and uncertainty of continued litigation, as well as the distraction that this investigation and litigation were having on the company.
  • This settlement allows ION to eliminate the cost and distraction of this matter, which has been the subject of an on-going five year old investigation into SightLine, and the SightLine management team that predates IONs acquisition of SightLine, stated Jeffrey Goffman, CEO of ION.
  • In addition, there is an additional one-time payment of $9 million at the time of a recapitalization of ION.
  • ION provides strategic solutions, development for cancer centers, financing and management services with expertise in radiation oncology operations including reve-nue cycle & compliance.