Re: "..supercedes the creation of the PDS JV" ... Yes, but take note
posted on
Jan 07, 2013 06:15PM
From the Pacer:
TPL contends that the joint venture with Patriot that resulted in the creation of PDS with it's expenses, withholdings, and the engagement of TPL as manager and marketer of the patents is also a "carve out". The court disagrees. All monies paid to TPL or its designees (e.g. PDS) are subject to the application of of the Browns' 3.5 interest.
My undeucated legal question:
PDS pays PTSC, correct? If that is the case and the court rules (which they did) in favor of the plaintiff, stating that all monies paid to TPL or its designees (PDS) are are subject to 3.5% interest, then how do we get around that? I am probably missing something? Or are you expecting more lawsuits to fly? (: Thanks in advance.
Good luck everyone!