Re: 11/15/00 - [STGI] Court Grants STGI Summary Judgment
Court Grants STGI Summary Judgment
LAS VEGAS, Nov 15, 2000 (BW HealthWire) -- Steroidogenesis Inhibitors International Inc. (OTCBB: STGI chart, msgs) has won a Summary Judgment.
On Monday, October 30, 2000, the Honorable Nancy Saitta heard arguments on a Motion for Summary Judgment filed by STGI as against its former officer Alfred T. Sapse, in relationship to a defamation case that Sapse had filed against STGI. After extensive arguments on the issues the Court granted Summary Judgment in favor of STGI on all issues. Sapse's complaint centered on an August 4th press release issued by STGI. In making her ruling, Judge Saitta determined that all the statements contained within the press release were constitutionally protected speech relating to the author's opinion. Additionally, the Court ruled that Sapse had completely failed to show any damages despite the claims in his complaint. As a result, Sapse's complaint has been dismissed.
About STGI
Steroidogenesis Inhibitors International, Inc., is a pioneering biopharmaceutical scientific incubator focused on developing therapeutic drugs primarily for the treatment of high cortisol related diseases. The Company's lead proprietary drug Anticort(TM) is the subject of FDA Phase1B/2A clinical trial for indications in HIV. The Company is also exploring the efficacy of Anticort(TM) as an effective treatment for other high cortisol related diseases such as Alzheimer's, Parkinson's, and Cancer.
For more information please call Shayne Payne or Dian Griesel, Ph.D. at The Investor Relations Group, Inc. 212-736-2650 or visit www.anticort.com
This release contains statements about the future that could differ from actual results. The Statements are subject to risk and uncertainties, including but not limited to, the impact of competition, fluctuations in stock price and liquidity, fluctuating operating results and other risks as detailed in the Company's filings with the SEC.
Contact:
The Investor Relations Group, Inc., New York
Shayne Payne or Dian Griesel
212/736-2650
www.anticort.com
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