Digdeeper you are correct....from the last 10-Q as follows...... On November 2, 2020, the Company moved to dismiss the complaint or stay the action pending the conclusion of the Quirk and Bear case, on the grounds that the first-filed derivative case would serve as res judicata to preclude the later-filed case. On November 30, 2020, Vennwest filed its response, and on December 15, 2020, the Company filed its reply. On June 8, 2021, the judge ruled to allow the case to proceed, and the parties are now in discovery phase of the case. The Company will vigorously defend itself against these claims and evaluate all options against the plaintiffs including, but not limited to, pursuing counterclaims.
Although the Company believes that it will ultimately be successful in its defense, there can be no assurance that the Company will be successful in its defense. Should Vennwest be successful, the outcome could have a material adverse effect on the Company. Legal fees for this matter were $11,000 and $2,000 for the three months ended September 30, 2021 and 2020, respectively, and $31,000 and $2,000 for the nine months ended September 30, 2021 and 2020, respectively.
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I wasn't even aware of this that it was still on going. I thought both went to their own corner and was cooling it. Sure doesn't look that way does it? I wonder if anything good could ever come out of this move. I just don't see a big value left in HDC?
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