Tuesday, June 04, 2013 11:35:00 PM
NOTE – 7
CONTINGENCIES
Litigation
On or about November 24, 2009, LogicMark LLC, a Virginia corporation, filed a lawsuit in U.S. Federal Court for the Eastern District of Virginia against Medical Alarm Concepts Holdings Inc., Medical Alarm Concepts LLC, and Mr. Nevin Jenkins, an individual residing in Florida. The complaint essentially alleges that (a) MAC’s Medipendant product infringes on several claims of a patent which LogicMark recently purchased from a bankrupt British company; (b) Mr. Jenkins, the inventor of the patents which MAC has acquired failed to include certain inventorship information in his patent application with the U.S. Patent and Trademark Office; and (c) MAC misrepresented in its advertising and marketing of the Medipendant product that MAC was the first company to market a monitored Personal Emergency Response System product. MAC has denied the claims asserted in the lawsuit and filed its own infringement claims against LogicMark LLC. MAC will vigorously defend against the LogicMark claims and believes the lawsuit will be successfully resolved. The lawsuit has had no adverse impact on MAC’s business operations as it continues to manufacture and market its product and is distributing the Medipendant to dealers and customers
reference were this came from
http://www.faqs.org/sec-filings/100222/MEDICA...-INC_10-Q/
