NanoLogix Inc (NNLX)

[parentsgratae]

Update on the filings regarding the Novak vs NNLX lawsuit in California; apparently NNLX has filed a Motion to Dismiss for Lack of Jurisdiction according to another yahoo poster who has downloaded the filings...The poster also confirms the amount in dispute as 100K

"The claim is for $100,000! You would know that if you could read the Amended Complaint. The most interesting document is the motion to dismiss for lack of jurisdiction. See the retainer agreement and where it specifies arbitration in Warren, OH"

Yes I expect the Motion to Dismiss to be granted and Mr. Novak will have to face Ohio District Court and a hostile jury /my view/opinion

Arbitration agreements are enforceable in California unless the agreement "shocks the conscience" and is unfairly weighted..The arbitration agreement here as I understand it is fair and will be upheld. My view/opinion because there is always the possibility a court ruling could change the standards.Also I have not personally downloaded the retainer agreement yet and reviewed it.

The sum is given in the Amended Complaint:
Case No. 5:13-cv-01971-PSG, Plaintiff's First Amended Complaint for Breach of Contract. See Prayer for Relief on page 5 of 6.

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