United States

ION Geophysical Corp (IO)

IO on New York Consolidated

26 May 2017
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Thu, May 18 2017

BRIEF-Ion announces order in WesternGeco litigation

* ION Geophysical Corp - trial court issued an order on may 16, 2017 in previously-reported lawsuit of WesternGeco L.L.C. v. ION Geophysical Corporation confirming its bench order

BRIEF-Ion Geophysical Corp Q1 loss per share $1.98

* Ion Geophysical Corp - regarding patent litigation with Westerngeco, district court recently indicated in ruling from bench that co will be ordered to pay additional $5 million

BRIEF-ION reports Q4 and year end 2016 results

* Increase in backlog of multi-client and data processing projects to $34 million at Dec 31, compared to $19 million one year ago Source text for Eikon: Further company coverage:

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