HIGHLANDS RANCH, Colo., Sept. 12, 2013 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (Nasdaq:ADES) (the "Company") has filed a Form 8-K with the Securities and Exchange Commission disclosing a Non-Prosecution Agreement ("NPA") entered into between the United States Attorney's Office for the Eastern District of Texas ("DOJ") and Company subsidiaries ADA-ES, Inc. and ADA Environmental Solutions, LLC ("ADA"). Pursuant to the NPA, which concluded the investigation, the DOJ has agreed not to assess fines or pursue any criminal, civil, or administrative action against ADA and its current or former employees, agents, officers, and directors with respect to allegations that ADA misappropriated trade secrets with regard to the manufacture of activated carbon. The NPA resulted from a confidential DOJ investigation of events arising out of an attempted acquisition by ADA of Norit in 2006 which led to the civil litigation brought by Norit against ADA in 2008 for alleged misappropriation of trade secrets. The dispute with Norit was settled by ADA in 2011 after extensive litigation and arbitration. The DOJ recently contacted ADA concerning its investigation. ADA fully cooperated with the DOJ and the parties agreed to enter into the NPA to swiftly resolve the investigation.
Advanced Emissions Solutions Provides Update Closing Legal Matter Arising From Attempted 2006 Acquisition By Subsidiary
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