American Scientific Resources (ASFX)

[makeamint2]

As I posted before (see below) regarding the Tecnimed lawsuit against ASR, this is far from over and will likely result in huge financial penalties and costs;

makeamint2 Member Profile makeamint2

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Wednesday, February 08, 2012 5:19:42 PM
Re: Artiztic1 post# 53853
Post # of 53910
EDIT: dollars to donuts, that they get hit with mid six figures punitive damages, plus a full hit on plaintiff's legal costs and attendant expenses. The two combined could very EASILY exceed $1,000,000 plus. Before you harrumph and scoff, go get informed, ask an actual litigator and also have him look up in MH the two firms that represented Tecnimed SRL.

Once the judge commented on page 16 of his order within section 5 that ASR management acted in bad faith and that in effect they caused the recall and litigation by ignoring the cease and desist, that pretty much tells you how this is going to play out.

You show any litigator worth his salt, that order from a Federal Judge that goes so far as to say that the plaintiff's will likely prevail in their claims and further states that he is rejecting plaintiff's plea that the recall would cause significant financial harm, he rejects their mercy plea by saying "you brought this on yourselves"... ask any litigator...

I would not be quite so cavalier.... this has yet to really have its full impact materialize