Health Discovery Corp (HDVY)

[king oil]

hmmm, maybe they haven't actually filed a lawsuit. It sounded from the 8k that they were going down that path.

Since the Effective Date of the MLA, HDC has worked diligently and was fully supportive to what HDC was led to believe would be a successful commercial launch of Licensed Products by NeoGenomics. NeoGenomics has failed to cure several defaults of their obligations required per the MLA including, but not limited to, reporting related to Licensed Uses along with their corresponding payments. Despite HDC’s numerous prior requests regarding NeoGenomics’ usage of HDC’s technology and NeoGenomics failure to provide the usage reports, HDC has now demanded a full report and compensation for all uses of HDC’s technology as called for in the MLA. HDC will pursue all compensation due from NeoGenomics to the full extent of the law. Additionally, HDC is evaluating potential damages related to the failure of NeoGenomics to perform its obligations per the MLA.

https://seekingalpha.com/filing/3370788