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.