litigation
confidence high
sentiment positive
materiality 0.70
Court dismisses EMA's $4.226M breach-of-contract claim against Vystar
Vystar Corp
- Court ruled EMA breached conversion terms; Vystar satisfied note repayment.
- EMA sought $4,226,187 in damages; entire breach-of-contract complaint dismissed.
- Court invited Vystar to file application for legal fees and expenses.
- Vystar considering appeal of certain rulings not in its favor before Second Circuit.
- Principal balance at issue was $80,000 with 24% interest; EMA over-converted by 36.6M shares.