<Opty, the news release below does not state what the April 22nd court case filing is all about nor does it say in what way the Preliminary Injunction is trying to restrict PTL future actions.>
Why do you believe they included the following passages and what do you think they mean? If it isn't exaplaining the April 22nd suit, why put it in there? And why did all the members here assume that it has everything to do with the April 22nd suit? Hmmmm. Opty
<On April 26, 2010 the Court ordered the papers on file to be provisionally sealed. The Court will conduct a formal hearing on this issue on May 20, 2010 at which time Patriot will have an opportunity to oppose TPL's motion to seal. TPL's Motion to Compel Arbitration will be heard on that day as well. Patriot's Motion for a Preliminary Injunction is scheduled for hearing on June 1, 2010.
On April 20, 2010 the Management Committee of PDS passed resolutions specifying that (i) any and all future licenses of the MMP Patent Portfolio must be approved in writing by a majority of the members of the Management Committee before they are agreed to or signed by TPL and (ii) effective immediately, TPL must not market patent portfolios in which PDS does not have an interest with the MMP Patent Portfolio. The TPL representative on the PDS Management Committee voted against the resolutions, and TPL has not expressed its acquiescence to the resolutions. >