Looks like NRID lost that lawsuit . . . from its SEC filing:
"SETTLEMENT OF LAWSUIT - On May 15, 1998, the Company reached a settlement of a lawsuit filed by IIG on February 13, 1997. IIG asserted multiple claims which include breach of contract, quantum meruit, unjust enrichment, breach of the implied covenant of good faith and fair dealing and fraud and seeks an accounting, specific performance, injunctive and declaratory relief and damages. The settlement includes a $300,000 cash payment made by the Company on May 15, 1998, the issuance to IIG of 250,000 shares of Common Stock, and the granting to IIG of an option to purchase 450,000 shares of Common Stock at an exercise price of $0.5625, the closing bid price of the Common Stock on the SmallCap Market on April 3, 1998 (the day the preliminary settlement was reached). Under the terms of the settlement the lawsuit will be dismissed with prejudice." |
