TIK up on no news that I can see. This from last month:
Tel-Instrument Electronics Corp. (NYSE: TIK) announced today that it was informed that the Kansas Judge has rejected the Company’s summary judgment motion. The court has not issued a written order explaining the decision and, as such, we are unable to provide any details on why the judge denied our motion.
Mr. Jeff O’Hara, President and CEO of Tel, stated, “We continue to believe that Aeroflex’s case lacks merit and plan to file another summary judgement motion on the merits in early January 2017. The trial is currently scheduled for February 2017, although this date might be later given delays in depositions and the volume of motions being introduced. This lawsuit has been a significant drag on profitability for many years, and we look forward to a successful resolution in court.”
