Monday, January 01, 2018 3:25:10 PM
Although Cardinal is privately held, they still file with the SEC...
Pg 15 from 10-K filed 11/22/17...
We are subject to litigation involving our corn oil extraction technology. We have been sued by GS CleanTech Corporation asserting its intellectual property rights to certain corn oil extraction processes we obtained from ICM, Inc. in August 2008. GS CleanTech is seeking to enforce its patent rights against ICM and the Company. The court ruled that all of the patents claimed by GS CleanTech were invalid, that the Company had not infringed and that the patents were invalid due to inequitable conduct before the US Patent and Trademark Office by the inventors and their attorneys. However, these rulings are subject to appeal. If GS CleanTech is successful in its appeal and allowed to continue to pursue its claims against the Company, we may be forced to pay damages to GS CleanTech as a result of our use of such technology and cease our production of corn oil.
https://www.sec.gov/Archives/edgar/data/1352081/000135208117000026/cardinal10-kfye9x30x17.htm
All CRDE filings...
https://www.sec.gov/Archives/edgar/data/1352081/000135208117000026/0001352081-17-000026-index.htm
PROTECT YOUR ASS-ets!!
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