queen1
- 09 Sep 2005 09:14
Some good news for the end of the week:
Thorofare, NJ, USA - September 9, 2005 Akers Biosciences, Inc. (LSE: AKR) is
delighted to announce the final conclusion to the legal matter, which had been
pending in the United States District Court, Southern District of Florida since
February, 2004.
On September 1, 2005, after a jury trial lasting six days, a final judgment was
entered in the matter of Akers vs. Alliance, wherein 'Judgment is hereby
entered on behalf of Counter-defendant, Akers Biosciences, Inc., and against
the counter-claimant, Alliance Investment Management, LTD. on all of
counter-claimant's claims, and counter-claimant shall take nothing from this
action.'
As a result, Akers Biosciences will recognize, as income in the current year,
the $713,046, which is the amount of previously due loan plus all related
interest and costs, now annulled under the terms of the Court Order.
Claretdabbler
- 24 Oct 2013 09:08
- 17 of 17
with nearly 400% rise in 6 weeks I am taking some profits.