It looks like PNII was awarded $2.7M by the court in a judgement
against Naturade, Inc. The fruits of that settlement may be at hand!
Bird (in the hand)
Naturade, Inc. Of Delaware Files SEC FORM 8K
WASHINGTON, DC, Mar. 22, 1999 (States via COMTEX) -- ITEM 5: "On March 11, 1999, a civil judgment was entered against Naturade, Inc., for a total of $2,774,000 by the U.S. Bankruptcy Court for the Northern District of Texas following a bench trial in a
proceeding styled Jeffrey H. Mims, Trustee v.Kennedy Capital Management, Inc., Anthony Roth, David Wynne and Naturade, Inc., adversary no. 397-3452. As previously reported, this proceeding was initiated by the Trustee in the Chapter 7 bankruptcy case of Performance Nutrition, Inc. ("PNI"). The court's award was based on findings against the Registrant of aiding and abetting a breach of fiduciary duty by PNI management, conspiracy to breach fiduciary duty, tortious interference with contract and unjust enrichment. The court also
awarded the plaintiff pre-judgment and post-judgment interest.The Registrant is studying the judgment and is considering its options."
FILING DATE: 3/17/99 REPORT DATE: 3/11/99 RECEIPT DATE: 3/17/99
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