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Re: FavoredOne post# 46196

Wednesday, 07/23/2014 5:45:55 PM

Wednesday, July 23, 2014 5:45:55 PM

Post# of 54103
This part was updated to the original article...

The Washoe County Court ruling lifts a temporary restraining order in effect since July 9.

Kumaran’s attorney, Jason Wiley, called the ruling a minor setback, but said he’s confident with the claims they have remaining. A tentative trial date is set for April of next year.

Wiley said they would’ve liked for a neutral third party to take control of the company, but the judge said doing so may push Medient into a more precarious financial position and put it in jeopardy of bankruptcy.

Both Kumaran and Medient’s new CEO, Jake Shapiro, attended Wednesday’s hearing in Reno, Nevada.

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