litigation
confidence high
sentiment neutral
materiality 0.50
ME2C settles patent suits with AJG, DTE, Alistar; trial for remaining CERT defendants rescheduled
Birchtech Corp.
- Entered confidential binding term sheet with AJG and DTE to resolve patent litigation initiated July 2019.
- All claims and counterclaims between parties dismissed with prejudice; financial terms confidential.
- Alistar Enterprises, a remaining CERT defendant, settled subject to court approval; claims dismissed with prejudice.
- Trial for remaining CERT defendants rescheduled from Nov 13, 2023 to later date by court order.