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Replies to post #97198 on MyDx Inc. (fka MYDX)
atpsylee
10/31/19 6:01 PM
#97200 RE: Bed Bath & Beyonce #97198
Lawsuit Against Jerome Dewald and Skip Sanzeri As previously disclosed, in July 2017, the Company and its CEO (collectively, the “Plaintiffs”) filed a lawsuit against Jerome Dewald and Skip Sanzeri. On or about July 9, 2018, the Company settled with Mr. Dewald and has dismissed the matter with prejudice as to Mr. Dewald. On or about July 25, 2018, the Company settled with Mr. Sanzeri, which settlement calls for settlement payments of $1,000 per month over the course of five months, after which the Company will dismiss the matter as to Mr. Sanzeri and fully dispose of the lawsuit. As of April 23, 2019, all five $1,000 payments have been made to the Company and the matter has not yet been dismissed.
10-Q says the case is dismissed and the settlement terms were satisfied.