Provectus Biopharmaceuticals Inc (PVCT): Good news for Provectus On July 25, 2...

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Provectus Biopharmaceuticals Inc (PVCT)

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Tuesday, 08/01/2017 4:42:43 PM

Tuesday, August 01, 2017 4:42:43 PM

Good news for Provectus

On July 25, 2017, the United States District Court for the Eastern District of Tennessee at Knoxville (the “Court”) issued a Memorandum Opinion in the matter Provectus Biopharmaceuticals, Inc. v. Harry Craig Dees (“Dees”) and Virginia L. Godfrey finding that Provectus Biopharmaceuticals, Inc. is entitled to receive total damages in the amount of $6,027,652, comprising compensatory damages for misappropriation of travel and expense funds, compensatory damages for Dees’ breach of a settlement agreement, and punitive damages, plus costs. The Court also will enter a permanent injunction enjoining Dees from selling or dissipating assets until the judgment against him is satisfied.

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