Medinah Minerals, Inc.
Legal Update
The lawsuits filed in the United States District Court of Nevada against numerous individuals, accusing them of actions that constitute intentional or negligent interference with prospective economic advantages to be realized by the plaintiffs Medinah in their business operations, and seeking injunctive relief and damages, are proceeding toward depositions and trial dates. Default judgments have been obtained against several defendants and will be executed in due course.
As an augment to the Nevada cases, Medinah Minerals, Inc. has contracted with the firm of IT/IS, Inc. of Houston, Texas to provide litigation support service. IT/IS develops, controls and processes documentation for the suspected stock manipulation cases on behalf of Medinah Minerals and its shareholders.
Upon completion of the IT/IS reports, they will be submitted to the Houston law firm of John M. O’Quinn and Associates, who will decide the next course of action.
All major fees involved are on a contingency basis with the legal representatives.
On June 26, 2000, by consent of all parties, the scheduled trial of Medinah Minerals, Inc. vs. Dayton Mining Corp. was adjourned pending a settlement offer from Dayton. As the settlement terms were not fulfilled by Dayton, Medinah has instructed its Counsel to proceed to trial.
Medinah Minerals, Inc.
March 6, 2002 |
