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Newmed Energ Pu Withdraws Class Action in Settlement with Chevron

Story Highlights
  • Newmed Energ Pu withdrew a class action lawsuit against Chevron Mediterranean Limited.
  • The settlement agreement includes hearings to ensure compliance and ongoing collaboration.
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Newmed Energ Pu Withdraws Class Action in Settlement with Chevron

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Newmed Energ Pu ( (IL:NWMD) ) has issued an update.

Newmed Energ Pu announced the withdrawal of a class action lawsuit against Chevron Mediterranean Limited, as part of a broader settlement negotiation. The agreement, reached with mutual consent, was filed with authorities and includes scheduled hearings to ensure compliance and implementation of the terms. The companies will continue collaborative efforts to resolve outstanding issues and maintain shareholder updates following key hearings.

More about Newmed Energ Pu

YTD Price Performance: 20.22%

Average Trading Volume: 1,045

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $4.48B

Learn more about NWMD stock on TipRanks’ Stock Analysis page.

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