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Essay heading: Vermont Teddy Bear Co
 
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Issue: Business
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Date added: February 9, 1998
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No of pages / words: 7 / 1855
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Under the terms of the settlement, the Company paid its former landlord $1.15 million when the settlement agreement was executed, including the release of a $150,000 security deposit previously held by the landlord, and the Company will pay the landlord an additional $1.2 million on or before March 15, 2006, without interest ("Vermont Teddy", 2005)...
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While this negatively affected net income for the third quarter in 2005, it also signals an end to litigation expenses and loss of executive focus due to this issue. It was a good move to get this over with but it lasted for almost 5.5 years and drained the company of both human and financial resources...
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