Followers | 24 |
Posts | 1872 |
Boards Moderated | 3 |
Alias Born | 02/08/2011 |
Tuesday, March 03, 2020 9:55:11 AM
9:35 AM ET 3/3/20 | GlobeNewswire
Innovative Designs Legal Counsel to File Rule 52(c)
Pittsburgh, PA, March 03, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- The United States District Court for the Western District of Pennsylvania released a memorandum opinion granting Innovative Designs' motion to strike the testimony of the Federal Trade Commission's expert witness, which triggered Innovative Designs' legal counsel to initiate the filing of a Rule 52(c) motion, which is contained in the "Federal Rules of Civil Procedure, Title VI. Trials; Rule 52. Findings and Conclusions by the Court; Judgment on Partial Findings".
Innovative Designs CEO, Joseph Riccelli, commented about how IDI's legal representative, Mr. Anthony Patterson, concluded that the FTC's expert witness had failed to meet the legal standard set by Daubert, which is the precedent governing the admissibility of an expert's testimony. Mr. Riccelli stated, "IDI is now working on a motion to request that the Court enter a judgement against the FTC under Rule 52(c), which will then allow me and my staff the opportunity to become 100% focused upon IDI's business interests."
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
March 03, 2020 09:35 ET (14:35 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
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM