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28 Mar 2014 08:00
NEWS RELEASE
March 28, 2014
Billing Services Group Limited
('BSG' or the 'Company')
Report and Recommendation of the United States Magistrate Judge
BSG, a leading provider of telecommunications clearing and financial settlement products, Wi-Fi data solutions and verification services, announces that yesterday, Magistrate Judge Henry Bemporad issued his Report and Recommendation in which he recommends granting in part the Federal Trade Commission's ('FTC') request for an order of contempt, but because the contempt finding recommended is considerably more limited than that suggested by the FTC, Judge Bemporad further recommends that additional proceedings be held in advance of any determination of damages.
The Magistrate's Report and Recommendation is subject to objections and additional consideration by Chief U.S. District Court Judge Fred Biery before ruling on whether to accept the recommendation.
The Company is reviewing the report and more information will be provided as it becomes available.
END
Inquiries:
Billing Services Group Limited +1 210 949 7000
Norm Phipps
finnCap Limited +44 (0)20 7220 0500
Stuart Andrews/Henrik Persson
BSG Media Relations +1 210 326 8992
Leslie Komet Ausburn
About BSG:
BSG has locations in San Antonio, Texas, USA and London, England. BSG is traded on the London Stock Exchange (AIM: BILL). For more information on BSG, visit www.bsgclearing.com.
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