InvestorsHub Logo

jking1999

07/09/07 8:47 AM

#7801 RE: lifegear #7795

lifegear: No proof was needed in either case they won, neither which was about NSS, but about failing to provide financing promised. No, the judge had no control over anything once the defendants chose not to show or to have attorneys show up for them.

Both cases were won by default: The defendants didn't bother to show up (2 were in jail at the time of the first trial), nor did they send any attorneys. Therefore, the judge was forced to rule in USXP's favor. The jury did get the pleasure of defining the penalties, but they had nothing to do with finding anyone guilty of anything, and certainly didn't have to pay any attention to any evidence.

If you want, you can review the judgement docs for both cases, which show who the judgements are against, the fact that the verdicts were by default, and the the juries didn't decide anything except the penalties. If you know anything about civil awards, the only people or organizations that anything can be collected from are the people or organizations named as liable for the award:

Go to www.duediligencenet.com.
Click Analysis in left column.
About halfway down the next page, click Universal Express.
In the next page, scroll down to the two links provided in the following section:

Information on the judgments awarded to USXP can be found here. Since both judgments are against now dissolved corporations the collection may be questionable.

CFN #2001 R 395071, Group ID #1 (link to the 389M judgement)
CFN #2003 R 263393, Group ID #1 (link to the second judgement)

Melvin Chizedek

07/09/07 10:11 AM

#7808 RE: lifegear #7795

Lifegear-the award had nothing to do with naked shorting; it was a violation of contract dispute, and since there was no refutation of the monetary damages claims submitted by USXP, the Jury had no choice but to award the requested damages.