![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, April 06, 2022 1:56:34 PM
Thanks, jimmyzzz, for posting this lawsuit news.
To all, here’s more info. (Jimmy’s post #88697 has the total judgment amount: $7,137,345.84.)
The case was filed 2/4/2022.
Here are excerpts from the “Tentative Rulings - March 17, 2022”:
CASE NO.: 37-2022-00004561-CU-PA-NC CASE TITLE: DJT SOLUTIONS INC VS OPTEC INTERNATIONAL INC
http://www.sandiego.courts.ca.gov/v3tr/ViewRulings.aspx?CaseNo=37-2022-00004561-CU-PA-NC&SelDates=03/18/2022&EventId=2484443
“The court construes Respondent OPTECT (sic) International, Inc. ("Respondent")'s lack of opposition as a concession of the Petition's merits. In addition, the uncontroverted evidence establishes that on December 21, 2020, Petitioner and Respondent entered into a Purchase and Sale Agreement (the "Agreement") under which Respondent agreed to purchase 4,003,200 Honeywell DC300 respirator masks from Petitioner for $7,926,336.00. See Attachment 4(b) to the Petition. In December 2020, Petitioner delivered 2,631,400 masks to Respondent and was prepared to deliver the remaining masks; however, Respondent paid Petitioner only $1,000,000.00 and refused to pay the balance due under the Agreement. On June 14 and October 8, 2021, the parties attended arbitration as required under ¶ 13.2 of the Agreement. On December 2, 2021, the Honorable James R. Eyler (Ret.) of the American Arbitration Association awarded Petitioner $6,926,336.00 plus $9,160.00 in administrative fees and expenses and arbitrator compensation and expenses against Respondent (the "Arbitration Award"). See Attachments 8(c), 9(b) to the Petition…
This is the tentative ruling for the hearing at 1:30 p.m. on Friday, March 18, 2022. If no party appears at the hearing, this tentative ruling will become the order of the court as of March 18, 2022.”
Peer To Peer Network aka Mobicard™ Launches AI Investor Chatbot Boosting Engagement & Lead Generation on Ihub • PTOP • Jul 15, 2024 8:30 AM
Greenlite Ventures Announces AI Integration into No Limit Platforms • GRNL • Jul 15, 2024 8:00 AM
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM