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Replies to post #19107 on Players Network Inc. (fka PNTV)
12/12/16 4:35 PM
In January 2014, PNTV filed a $150 million dollar lawsuit complaint against Comcast Communication for breach of agreement. Earlier this year the discover process was completed and Comcast filed a motion for Summary Judgment. This tacit is an attempt to prevent the case from being heard in a Nevada federal courtroom, prior to the motion Comcast has failed twice with similar motions trying to have the case dismissed. This is the last such motion allowed and we are currently waiting for the federal judge assigned to our case to make a decision regarding the motion. In early August 2016, a mandatory court ordered settlement conference was held to try and resolve the claim. Both parties met and Comcast's legal team demonstrated they had no intentions of settling at this time we assumed that one reason is because no decision has been made on the summary judgment. I am hopeful a decision is made by the end of the year in our favor and a trial date can finally be set which will lead to a negotiated settlement or trial; either one is fine with me because I know we have a strong case.
Note 17 – Legal Proceedings
Players Network filed a civil suit in the Eighth Judicial District Court in Clark County, Nevada on January 2, 2014, and served the suit on January 23, 2014, listed as case number A-13-693908-B against Defendants, Comcast Corporation and Advanced Information Systems Inc. We have currently completed the Discovery process, and summary judgment pleadings are being prepared by both parties. Additional information and details will be forthcoming as permitted by public disclosure. Mr. Barney C. Ales and his firm based in Las Vegas, Nevada have been retained as the Company’s Special Counsel, for the litigation and ultimate trial of this matter.
AI
