Delta Litigation definition
Delta Litigation is defined in Section 3.1.14.
Delta Litigation means the following litigation matter. On or about October 27, 1998, Delta Scientific Corporation ("Delta") filed a Bill of Complaint against the Company, Paul G. Roland, ▇cott H. Rosenbloom and Mathew Jame▇ ▇▇▇▇▇▇▇▇ ▇▇ the Chancery ▇▇▇▇▇▇▇▇ of t▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ Fairfax County, Virginia (Chancery No. 157577). Purporting to state claims for "violation of trade secrets act", "breach of fiduciary duty", "intentional interference with contractual relations", "intentional interference with prospective business and contractual relations", and "violation of VA. Code Ann. ss. 18.2-499", the Compliant alleged tha▇ Messrs Roland, Rosenbloom and Chaconas, former employees of ▇▇▇ ▇laintiff who left ▇▇ ▇▇▇▇t ARMR, had taken with them trade secrets and confidential customer information which they were using to compete with Delta. Both injunctive relief and damages were plead in the ad damnum, although no effort was ever made to seek preliminary injunctive relief. Defendants, who deny any of the alleged wrongdoing, answered the complaint on November 17, 1998, and filed a Cross-Claim against Delta charging plaintiff with using the judicial process to harass and stifle legitimate competition. Delta answered the Cross-Claim, and discovery commenced shortly thereafter and continued sporadically until roughly August 2000, when all activity in the matter ceased. Three years later, shortly after the impending sale of ARMR became public, counsel for ARMR received a letter from counsel for Delta threatening to revive the dormant litigation at his client's instruction. Counsel for the defendants has responded with a letter expressing concerns about the plaintiff's motivations, and indicating that he would speak to his clients and respond more fully at a later date. To the Knowledge of the Company, no other Proceeding has been Threatened.
Examples of Delta Litigation in a sentence
For purposes of this Agreement, the "Delta Litigation" shall mean the following litigation matter.