Cobalis Corp.
Cobalis settles outstanding litigation with Gryphon Master Fund, L.P.
Published in Physician Law Weekly, May 3rd, 2006
Both Gryphon and Cobalis have further agreed to dismiss any and all current and future claims, legal proceedings and litigation.
The settlement, which relates to two investments in Cobalis totaling $1.6 million that were made by Gryphon in September 2003, includes an agreed judgment totaling a maximum of $1.6 million. Cobalis' judgment amount would be reduced to $1.4 million, provided Cobalis fully pays Gryphon on or before October...
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Source: Physician Law Weekly (2006-05-03)
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