litigation
confidence high
sentiment negative
materiality 0.80
Healthier Choices loses patent appeal; drops Philip Morris suit; appoints TAAD as new auditor
Healthier Choices Management Corp.
- Federal Circuit denied HCMC's patent appeal; patent ruled unpatentable; no rehearing sought.
- HCMC dismissed patent infringement suit against Philip Morris USA and Philip Morris Products S.A. on Dec 31, 2024.
- Audit committee dismissed Marcum LLP as auditor (effective Dec 4, 2024) and appointed TAAD, LLP (effective Jan 22, 2025).
- Marcum's reports for FY2023/2022 had no adverse opinion but noted going concern doubt in 2023 and material weaknesses in internal controls.