Veltex Corporation (VLXC)

[GratziPrego]

What happens to the 10% Per Year Interest for the Over $100 Million Dollar Judgment?

If Judgment Interest is Changed to 0.21% per year, Then it would Translate to Tens of Millions of Dollars in Tax Savings "Down the Drain" for Veltex Corporation.

(It Seems that, based on the Document Filed in the U.S. District Court, Central District of California, Instead of $10 Million Dollars Per Year, for Each of the 10 Years from March 27, 2012 to March 25, 2022, That would Accumulate to $100 Million Dollars in Judgment Interest, it seems to be Changed to $210,000 Per Year of Judgment Interest Accumulated to $2,101,651.04 for the Ten Year Period, March 27, 2012 through March 25, 2022.

Please Read the Document Filed in U.S. District Court, Central District of California in the Link Attached Here Below:

https://casetext.com/case/veltex-corp-v-matin-4

United States District Court, Central District of California
Mar 10, 2022
CV101746 ABC PJWx) (C.D. Cal. Mar. 10, 2022)