Arrayit Corporation (ARYC)

[Neotide]

Hello Pennsy - here is the breakdown of the Taub trial

Taub is asking for 28M. See the breakdown below. They were going to the bench trial, but then the Judge said it was pointless if they were moving towards a settlement. Taub is asking for $28,586,157.00. Of course ArrayIt wants less. From what I read it looks like ArrayIt will be paying something, the debate is how much. (IMHO from reading the docs, don't quote me here)

The judge set up a settlement conference, which he himself and not a Magistrate Judge would run, on June 8, 11 am. I think there are also two status conferences before June.



I PRE-TRIAL MEMORANDUM
The evidence to be adduced at trial will establish that plaintiffs are entitled to judgment in the amount of $28,586,157.00, calculated as follows:
• $780,000 attributable to defendants’ failure to deliver Arrayit shares to Zalcberg and/or the Plan, as he might direct (Point A);
• $656,157 attributable to defendants’ failure to deliver Arrayit warrants to Zalcberg and/or the Plan, as he might direct, and Taub (Point B);
• $27.15 million attributable to defendants’ failure to deliver the Food Safety Product 2 Case 1:15-cv-01366-ALC-JLC Document 234 Filed 03/23/22 Page 3 of 14 (Point C); and
• $25,000 to Taub for the legal costs of the registration of the shares to be issued upon the exercise of the above-referenced warrants (Point D)