XpresSpa Group Inc (XSPA)

[JJSeabrook]

"In preparation for the expedited hearing, the High Court has set a schedule for pleadings and discovery and has appointed a commissioner to oversee the process of recording of evidence at the trial stage. Following a hearing, on December 12, 2013, the High Court passed a CONSENT ORDER ordering ZTE to pay a bond of 50 million rupees (approximately $800,000 USD) in place of the ex-parte ad-interim injunction. "

ZTE agreed by consent to pay a bond of 50 million rupees in place of the injunction.

JJ

rcaptain Wednesday, 12/18/13 02:07:28 PM
Re: tmcfo post# 46834
Post # of 46844

Seeking Alpha didn't say this. ZTE did in a PR release. Their use of "overturned" was what I would call inaccurate and misleading.
Again I will say this for the last time.

ZTE put up money for a bond to set aside the injunction. Not overturn it.

In regards to overturn. It's like saying I posted a bond to get out of jail. Therefor I have been pardoned or found not guilty.