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Universal Electronics Inc. received approximately $7.6 million from a third-party financial institution in exchange…
UEICUniversal Electronics Inc
Universal Electronics Inc. received approximately $7.6 million from a third-party financial institution in exchange for the sale of its claims and causes of action related to unlawfully paid Customs and Border Protection tariffs. The transaction involves the claim sale and purchase agreement to convey all rights to tariff-related proceeds and interest. Universal Electronics Inc. operates in the consumer electronics industry and provides components for smart home and smart TV technology.