InvestorsHub Logo
Followers 22
Posts 1923
Boards Moderated 0
Alias Born 05/24/2013

Re: None

Sunday, 10/09/2016 12:21:46 PM

Sunday, October 09, 2016 12:21:46 PM

Post# of 71079
On 16 April 2014, CoswayUSA was named as one of the defendants in a counter claim which
originally involved two separate entities. The counter claim was brought by Health Education
Corporation D/B/A Nutranomics (“Nutranomics”) alleging breach of a mutual non-disclosure and
confidentiality agreement for damages of USD2 million (about RM8.11 million).
On 9 September 2015, the court granted CoswayUSA’s motion for summary judgement and also
motion for sanction in limine to preclude further production of documents and information. On 27
January 2016, the court further awarded attorney fees of USD88,000 in favour of CoswayUSA.

http://www.financialreport.biz/File/AR/2016/9/2/3395%20-%201252438958378.pdf