AdultShop.com settles legal disputes

Northbridge-based AdultShop.com Ltd has settled legal proceedings with its former subsidiaries, Today Success Pty Ltd and Pageseeker Pty Ltd.

A copy of the announcement is below:

AdultShop.com Limited wishes to advise that the following claims by and against the company and its subsidiaries have been finalised.

The legal proceedings against the vendors of the company's subsidiary, Today's Success Pty Ltd, have settled without any admission of liability or responsibility by the vendors.

The legal proceeding between Pageseeker Pty Ltd (a subsidiary of Dark Blue Sea Limited) and AdultShop.com Limited in the Supreme Court of Queensland have been settled on terms satisfactory to the parties.