SPI Litigation definition
SPI Litigation means, collectively, (a) the action filed by SPI against the Borrower in the Superior Court for the County of Los Angeles, in which SPI alleges, among other things, false advertising, unfair business practices, untrue and misleading advertising, intentional interference with prospective economic relations, conversion and breach of fiduciary duty, which case was removed to the U.S. District Court for the Central District of California in March 2019, (b) the action filed by SPI on September 3, 2019 against the Borrower’s co-founders and co-Chief Executive Officers in Los Angeles Superior Court covering the same subject matter as specified in clause (a) above, which action has been stayed until the conclusion of the action specified in clause (a) above, and (c) any other proceeding (including arbitration, judicial reference or any other dispute resolution process) brought by any Person involving the same or substantially the same subject matter described in clause (a) or clause (b) above.
SPI Litigation means, collectively, (a) the action filed by SPI against the Borrower in the Superior Court for the County of Los Angeles, in which SPI alleges, among other things, false advertising, unfair business practices, untrue and misleading advertising, intentional interference with prospective economic relations, conversion and breach of fiduciary duty, which case was removed to the U.S. District Court for the Central District of California in March 2019, (b) the action filed by SPI on September 3, 2019 against the Borrower’s co-founders and co-Chief Executive Officers in Los Angeles Superior Court covering the same subject matter as specified in clause (a) above, which action has been stayed until the conclusion of the action specified in clause (a) above, and (c) any other proceeding 24