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Replies to post #56914 on MHHC Enterprises Inc (MHHC)
FastEddie01
01/19/18 8:04 AM
#56915 RE: TheRealMrPirate #56914
The company acknowledges that there exist legal actions against entities that could potentially have a negative effect on company shareholder value. The company is aggressively addressing these issues to determine if any of these legal actions involve the company or its subsidiaries and will update shareholders as circumstances warrant.
A Final Judgment granting declaratory relief was entered in the First State Court Case, and the remaining claims were severed into a new action styled Dallas National Insurance Company v. McCusker & Co., Inc.
This adversary complaint involves a fraudulent scheme to mislead consumers into purchasing service contracts for heating, ventilation, and air conditioning (“HVAC”) equipment purportedly insured by a Contractual Liability Insurance Policy (“CLIP”) issued by DNIC.