Replies to post #129884 on PCT Ltd (PCTL)

[zombywolf]

Still having problems understanding why Paris is infringing patents he knows are legit. He was part of the company long enough to know what the patents cover.

[fourfive6]

I asked a colleague, who served as US Attorney (SDNY 03'), for some feedback the day this was received, which included: "the manner and timing (height of pandemic) of their (Paris) actions will be perceived as infringement."

IMO, that $90K a year isn't stretching as far as Marty originally intended! After all, aside from a sub par digital presence, Annihilare is non existent.

""On September 1, 2017, the Company entered into a five-year employment agreement with Marion E. Paris, Jr. to be the Vice President for Business Development and Director of Intellectual Properties for Paradigm. Under the terms of the employment agreement, Mr. Paris is to be paid an annual base salary of $90,000 and other benefits, including four weeks paid vacation. On July 30, 2019, the Company accepted the resignation of Marty Paris as part of a settlement agreement by which PCT Corp. settled an invoice payable to Annihilare (“AMS”).""

Hes like an ex seeking 2nd alimony!

I AM glad to see we are now officially on the offensive though:

""In May of 2020, we filed a complaint in the United States District Court for the Western District of North Carolina (Charlotte Divisions – Civil Action No. 3:20-cv-00287), against Annihilare, Marion E. Paris, Jr. and Clay Parker Sipes. Seeking damages for:

1. Two counts of Patent infringement;

2. Trademark infringement;

3. Federal unfair competition, false designation of origin, and false and misleading description of representation;

4. Trademark dilution;

5. Federal cybersquatting;

6. Violation of Defend Trade Secrets Act;

7. Violation of North Carolina’ Trade Secrets Protection Act;

8. Violation of North Carolina and common law unfair competition

9. Breach of fiduciary duty;

10. Breach of duty of loyalty and faithless service;

11. Breach of consulting agreements;

12. Breach of employment agreements;

13. Tortious interference with prospective business relationships;

14. Unjust enrichment;

15. Conversion;

16. Civil conspiracy; and

17. Injunctive relief.

These claims arise from several consulting agreements and an acquisition agreements between us and the Defendants surrounding the purchase of Annihilyzer® Intellectual property by us and subsequent infringement of the intellectual properties. The case is currently ongoing.""

PCTL = 456