This article was originally published in The Rose Sheet
Exceeds $2 mil. mark under equity financing arrangement, allowing the company to receive increased payments under its settlement with Adrien Arpel founder Adrienne Newman. As planned, Alfin will receive one payment of $150,000, with future installments increased to $50,000 per month from $25,000. The litigation, in which Newman alleged breach of contract, was settled for $1 mil. ("The Rose Sheet" May 18, In Brief). Separately, Alfin shareholders recently approved changing the name of the company to Adrien Arpel, Inc.; the company is now traded on the American Stock Exchange under the symbol RPL...
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