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Technology Stocks : Thermo Tech Technologies (TTRIF)

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To: David Pickering who wrote (4432)7/13/1998 2:40:00 PM
From: Ross Mickey  Read Replies (2) of 6467
 
Trooper successful in application against Thermo Tech

Trooper Technologies Inc TPP
Shares issued 18,120,364 Jul 10 close $1.94
Mon 13 Jul 98 News Release
Also Thermo Tech Technologies Inc (TTRIF)
Mr. Stan Lis reports
Trooper has been wholly successful in its application in the Supreme Court
to have Thermo Tech Technologies and Thermo Tech Waste Systems found guilty
of wilful contempt of court and punished.
In reasons for judgment handed down on Friday, July 10, 1999, the
Honourable Mr. Justice Cohen found Thermo Tech to be in contempt of court
and rejected the arguments advanced by Thermo Tech that it had fully
complied with his lordship's earlier order requiring delivery of all
standard certified engineering specifications, including drawings,
regarding thermophilic plants, to Trooper. His lordship noted that Thermo
Tech had resisted delivery of the materials sought by the company by
raising different defences and positions, which defences and positions have
now all been rejected by the court.
Mr. Justice Cohen found that the evidence was overwhelmingly conclusive and
that, beyond a reasonable doubt, Thermo Tech was in contempt and should be
subjected to a substantial fine as punishment. His lordship imposed a fine
of $25,000 against each of the Thermo Tech companies with payment suspended
for one week on the condition that within that time Thermo Tech comply with
the original order. In addition, Trooper was awarded special costs against
Thermo Tech.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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