Star brite, ValvTect settle lawsuit - Trade Only Today

Star brite, ValvTect settle lawsuit

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Star brite Distributing and ValvTect Petroleum have settled their lawsuit in the United States District Court for the Southern District of Florida.

"We are very pleased that we have resolved this dispute and look forward to bright futures for both our companies," said Peter Dornau, president of Star brite and Jerry Nessenson, president of ValvTect, in a joint statement.

Court documents filed last week show a mediation conference was held March 11 and the matter was settled. No further information was available in court documents or provided by the parties in this matter.

Both companies had accused the other of false advertising and deception regarding the performance of their products.

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