litigation
confidence high
sentiment positive
materiality 0.75
Reliability Inc. wins arbitration award of $835,156; receiver to be appointed
RELIABILITY INC
- Arbitrator issued Amended Award on May 17, 2023, in favor of Reliability and Maslow Media Group.
- Award of $835,156 against VREH under Note II as of June 30, 2022, with 5.5% annual interest.
- Rehabilitative receiver to be appointed under Maryland law in supplemental award.
- Only one recovery allowed as fraud damages overlap with nonpayment of notes.
- Company and MMG prevailed in arbitration against Vivos Holdings and related parties.