Porch Group (PRCH) Prevails in Kandela Lawsuit

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Go back to Porch Group (PRCH) Prevails in Kandela Lawsuit

Porch Group Prevails in Lawsuit

June 22, 2022 4:05 PM EDT

SEATTLE, June 22, 2022 (GLOBE NEWSWIRE) -- Porch Group, Inc. (Porch Group or the Company) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, announced it had prevailed on all counts in the matter of Kandela, LLC v. Porch.com, Inc. et al. The presiding arbitrator has also determined that Porch, as the prevailing party, is entitled to reimbursement of its legal costs and expenses.  The arbitral tribunals decision is anticipated to be final and unappealable.

In the dispute filed several years ago, owners and managing members of... More