Nov 21 (Reuters) - Memphasys Ltd MEM.AX :
* Received a statement of claim from Transocean Securities Pty Ltd
* Memphasys has sought to settle matter expeditiously
* Transocean is claiming that co did not have right to terminate mandate, appoint Platinum Road as it had exclusivity arrangement with Transocean
* Transocean is now seeking to recover damages, including value of monthly retainer between april 2016 and december 2017
* Memphasys has made various offers of settlement to avoid litigation, without admission of liability, however has not reached agreement Source text for Eikon: ID:nASX1g39bx Further company coverage: MEM.AX