Destiny Media Files Motion for Costs in Lawsuit Win
(firmenpresse) -
Destiny Media Files Motion for Costs in Lawsuit Win
Vancouver, BC – June 23, 2010 – Destiny Media Technologies (OTCBB: DSNY) announced today that it filed a motion seeking costs in the recent US patent litigation win against Yangaroo Inc. (YOO-TSX, YOOIF-Pinksheets).
On June 7, 2010, the Honorable William C. Griesbach ruled in Destiny’s favor. Destiny believes that even though Yangaroo knew their argument had no legal merit, they filed claim for other business purposes, forcing Destiny to spend time and money on a case that Yangaroo management knew it would ultimately lose.
Frivolous lawsuits are those brought to a court with a lack of supporting legal argument. These cases are filed by a party or an attorney who knows that there is little factual basis for the claims or who has done little due diligence to support the legal argument. This type of lawsuit is considered a large waste of time and money, as well as judicial resources.
According to company CEO, Steve Vestergaard, “Companies and attorneys who file baseless claims should be held accountable for their actions and we will be seeking reimbursement for our reasonable legal and other costs as are available under Wisconsin law.”
About Destiny Media Technologies
Destiny Media (http://www.dsny.com) is the developer of the Play MPE® system (http://www.plaympe.com) which the recording industry uses to securely distribute new pre-release music through the internet to trusted recipients such as radio, media and VIP's. Real time usage statistics are available at http://www.plaympe.com/v4/company/plaympestats.php
Company Contact:
Steve Vestergaard, CEO
Destiny Media Technologies, Inc.
604 609 7736 x222
steve(at)dsny.com
Safe Harbor Statement: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Leseranfragen:
DESTINY MEDIA
Address:
#800 - 570 Granville St.
Vancouver, B.C. Canada
V6C 3P1
General
1-800-8-DESTINY
1-800-833-7846
Phone (604) 609-7736
Fax (604) 609-0611
Investment Inquiries
Steve Vestergaard (CEO)
(604) 609-7736 ext. 222
Fred Vandenberg (CFO)
(604) 609-7736 ex.236
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Datum: 23.06.2010 - 15:53 Uhr
Sprache: Deutsch
News-ID 22917
Anzahl Zeichen: 0
contact information:
Town:
Wien
Kategorie:
Business News
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