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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Tickertype who wrote (7044)1/13/1999 1:09:00 PM
From: Pronichev  Read Replies (1) of 27311
 
I beleive the last 10k states that the old shareholder lawsuit, which was won by Valence (with prejudice) but is still on appeal. This lawsuit plagued Lev as well as the other directors (Berg and Shugart) and they were all and possibly still are personally vulnerable. Any one know the appeals' status. I beleive the venue is San Jose California but not positive. State or Fed court? I'm not sure. Anyone know how to check this. It could provide a key to Lev's (and Bergs and Shugarts') reluctance to give progress updates
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