I believe that "material non-public information"(the NDA)is covered by Regulation FD, and because of the classification as a "(confidential)business agreement" the terms do not have to be disclosed.
http://www.sec.gov/rules/final/33-78...
The TPL Group, Patriot Scientific Corporation, Toshiba, Matsushita (Panasonic) and JVC announced today that they have entered into a business resolution of their legal disputes in two patent infringement lawsuits pending in the US District Courts in the Eastern District of Texas and the Northern District of California. The terms of their settlement include the grant by the TPL Group of rights under the Moore Microprocessor Patent Portfolio to Toshiba, Matsushita and JVC and their respective subsidiaries. The parties have agreed that the details of the settlement are confidential. All parties are pleased with the business resolution of their dispute and will be voluntarily dismissing their Texas and California lawsuits.
This raises two further questions for me:
i) If not material, why file the 8-K?;
ii)If material, why did it take 9 days to file?
Returning to, "financial results above or below expectations," these ranged from the 10's to 100's of million dollars, so I think they have that one covered.
Be well
