SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Anthony@Pacific who wrote (55286)4/29/2000 1:12:00 AM
From: Anthony@Pacific  Read Replies (2) of 122087
 
EEEE<--------Litigation # 3



In October 1999, David Packard on behalf of a putative nationwide class,
filed a complaint against us as a defendant in the U.S. District Court for the
Eastern District of Texas based on our alleged sale of defective goods.
Essentially identical complaints were filed contemporaneously against Compaq,
Hewlett-Packard and Packard Bell. The complaints claim that a chip in the
defendants' respective PC products contains a defect which may cause an error
to occur when information is written to a floppy disk. The complaint seeks unspecified monetary damages, injunctive relief and declaratory relief. The
lawsuit against us is in the early stages of discovery and we have not yet
filed a response. Although we believe that we have meritorious defenses and
intend to vigorously defend ourselves in this action, these types of litigation
are inherently complex and unpredictable. We cannot assure you that the suit
will not succeed in obtaining unspecified monetary damages, injunctive and
declaratory relief against the production of our PC products. Our defense of
the claims could result in significant expenses and diversion of management's
attention and other resources. In addition, we cannot assure you that the
results of this litigation would not result in our business being significantly
harmed.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News