Followers | 24 |
Posts | 1861 |
Boards Moderated | 3 |
Alias Born | 02/08/2011 |
Tuesday, February 18, 2020 7:56:20 AM
7:00 AM ET 2/18/20 | GlobeNewswire
PITTSBURGH, Feb. 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- On February 14, 2020, the United States District Court for the Western District of Pennsylvania released a memorandum opinion in reference to Innovative Designs' written motion to strike the testimony of the Federal Trade Commission's expert witness.
The thirty page opinion discusses the inadequacies of the testimony that was presented to the court. As written in the order, the judge states, "The court is troubled by the FTC's position. Since the inception of this action, which was filed in 2016, the FTC has had virtually unlimited resources. Unlike Innovative Designs, it has had the assistance of at least two attorneys and a paralegal. (Their Expert) has been at its beck and call, available to formulate strategy, develop their case, and answer any questions that it might have. It has also had ample opportunity to consult with other experts and depose any of the other laboratories that tested Insultex(R). Yet, it neglected to develop even the most basic aspects of its case and has provided the Court with little to consider when determining whether it should reopen the matter." "For these reasons, Innovative Designs Motion to Strike is granted."
Disclaimer
Certain statements in this press release constitute "forward-looking" statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the "Safe Harbor" protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company's SEC filings available at http://www.sec.gov.
Joseph Riccelli
4127990350
joer@idigear.com
> Dow Jones Newswires
February 18, 2020 07:00 ET (12:00 GMT)
Recent IVDN News
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/23/2024 07:23:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 07:15:29 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 01/26/2024 05:09:52 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 09/27/2023 02:16:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/25/2023 04:53:15 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 09/06/2023 08:05:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/07/2023 04:52:57 PM
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM