Hartcourt Companies (fka HRCT)

[M2jeb]

I agree. Summary Judgement means you are so guilty that the judge says you have not produced enough of a defense in the discovery stage to continue to clog up the legal system.
The $1.3 million is right on the money since HRCT has to pay interest back to the beginning. The legal fees are probably in the $250,000 ball park. The lawyer who did the original paper work would not be responsible for the actions of Phan and the press releases. I'm sure the lawyer did not know that the proceeds of the stock sales were going back to the company. If he did he would have been named. It appears that Phan cooked up the deal to try and save the company he loved and did not benefit himself.
M2jeb