Innovation Pharmaceuticals Inc (IPIX)

[TheBunny]

IPIX vs. Cummings Properties -lawsuit.

http://www.masscourts.org/eservices/;jsessionid=3E9F6C34FB66C41E757F3560A92D5EE1?x=KBZMmm6LNZH*11EKvnvcV-Py2m9GeyK4BtjYTmO6UdM5MoT1grds*c5Uq5JjzfNnAVCor2pMHiyVVIWGs2Iw1n3wEawniJiFWGJwiO4JkfMV6SUPiW3G3u181raxlHw0seDxXisMsm8yyCrXd4gpmTKgGxaiV*IROqkF5caTnCs

A telling read.
Who doesn't read the Terms of Lease, then says 'You Trapped us' and counter sues ?

....it was management incompetence to not have sent the proper written notice. Likewise, it was incompetence to not have read paragraph 2 of the 2013 lease renewal to appreciate the terms they put their signature to.

I don't see how IPIX wins this case. Signing documents and making contractual commitments without reading them is not a valid claim.

A lot more shareholders $'s getting waisted with this incompetent bunch.

-Bunny

For those interested in a fuller understanding of the Innovation Pharmaceuticals Inc. vs. Cummings Properties, LLC lawsuit, you can go here: Massachusetts courts website

Once you get by the “I’m Not a Robot” screen, select “The Superior Court”, then “Essex County”, then click on the tab “Case Number”, input 2077CV00101, and you are given links where you can review all of the documents.

The letters between the lawyers are especially interesting to me. Those are included as part of the “Defendant Cummings Properties, LLC: Answer with a counterclaim”.

I was pleased to see that IPIX contested the lease renewal in April 2018. That said, it was management incompetence to not have sent the proper written notice. Likewise, it was incompetence to not have read paragraph 2 of the 2013 lease renewal to appreciate the terms they put their signature to.

Pre-trial conference is scheduled for March 25, 2022 which could make loanranger’s prediction that the current lease will expire before the case is resolved prescient.

I expect that any company interested in doing business with IPIX will review this case.