Let's also not forget that according to Moore's complaint (p.12) TPL has failed since Sept. 16, 2006 to exert reasonable efforts to commercialize the MMP Portfolio, diverting efforts to other portfolios owned (or for which they have licensing rights). Upon info and belief, TPL commingled licensing efforts assigning the MMP portfolio a disproportionately small share of license revenues.
If Moore believes that this violation of the ComAg has been going on since 2006, why did it take our BoD until April 2010 to take action?
Also, Moore is informed and believes that TPL made exorbitant expenditures for legal fees and made secret & undisclosed profits and returns by reason of such legal fees. Again, shouldn't our BoD have been more dilligent in reviewing the "books."