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Parlux settlement

Executive Summary

Fragrance manufacturer receives $4 mil. payment as litigation settlement with one of its suppliers, Parlux Fragrances announces Oct. 7. In earlier Securities and Exchange Commission filings, Parlux said it filed a legal complaint against a component supplier in May 2001 because the company delivered faulty components for two fragrances. Costs associated with refurbishing the products were included in cost of goods for the years ended March 31, 2001 and 2002, firm adds...
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