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Defendants sometimes raise as affirmative defenses, or as counterclaims, the purported invalidity or unenforceability of our proprietary rights.
−Removed: In August of 2019, Vesi Incorporated (“Vesi”) filed suit against the Company in the U.S.
−Removed: District Court for the Southern District of Ohio related to the Company’s licensing business and alleging breach of fiduciary duty, unfair competition, defamation, and tortious interference with prospective business relationships.
−Removed: The complaint seeks damages in an amount not less than $ 10.0 million for punitive damages, attorney fees, prejudgment interest, and any other additional relief.
−Removed: The Company has denied any liability and intends to vigorously defend itself in the case.
−Removed: In November 2019, the Company filed a counterclaim against the principals of Vesi as personal guarantors for monies owed to the Company by Vesi.
−Removed: The Company filed a motion for summary judgement asking the Court to dismiss all claims with prejudice and grant judgment on its counterclaim.
−Removed: On January 4, 2023, the Court granted the Company’s motion for summary judgment dismissing Vesi’s claims and also granted judgment on the Company’s counterclaims against the principals of Vesi for an immaterial amount.
−Removed: Vesi appealed this decision.
−Removed: On November 9, 2023 the United States Court of Appeals for the Sixth Circuit issued an opinion
−Removed: affirming the District Court’s judgment in favor of the Company dismissing Vesi’s claims and granting the Company’s counterclaims.
The Company is subject to other legal proceedings from time to time in the ordinary course of business but does not believe any of these such claims would have a material adverse impact on the Company at this time.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.