High Volume Stocks Advancing This Week - Company Awarded $1Million Judgment
CORAL SPRINGS, Florida, January 30, 2014
CORAL SPRINGS, Florida, January 30, 2014 /PRNewswire/ --
Industry leaders make headway with developments and funding: RiceBran
Technologies (NASDAQ: RIBT), Vringo Inc. (NASDAQ: VRNG), Plug Power, Inc.
(NASDAQ: PLUG), Meritor, Inc. (NASDAQ: MTOR) and Organovo Holdings, Inc.
RiceBran Technologies (NASDAQ: RIBT), a global leader in the production and
marketing of value added products derived from rice bran, today announced that
it has been awarded a judgment against Diabco Life Sciences, LLC ("Diabco").
The Superior Court of California in and for the County of Sacramento awarded
a judgment of $1,013,241 to RiceBran Technologies against Indiana-based Diabco
Life Sciences, LLC for failure to pay for product received from RBT. The
judgment includes all of RBT's costs and expenses incurred in pursuing
collection of the past due debt. Interest has begun and will accrue at the
rate of 10% per annum until the debt is paid. RBT is taking steps to
aggressively pursue collection of the award using all legal means available.
To read the full press release, please click
W. John Short, CEO & President of RiceBran Technologies commented, "We are
pleased that the Superior Court in Sacramento has awarded judgment in favor of
RiceBran Technologies. In our eyes this case was simple. We delivered product
in good faith based on our receipt of purchase orders for which Diabco refused
to pay. We were forced to resort to legal action to collect."
Vringo Inc. (NASDAQ: VRNG) announced that on January 28, 2014, the U.S.
District Court for the Eastern District of Virginia, Norfolk Division, issued
a Memorandum Opinion and Order related to its wholly-owned subsidiary I/P
Engine, Inc.`s litigation against AOL, Google et al. for infringement of its
patents through their AdWords system. In the Order, the Court held that the
appropriate ongoing royalty rate for defendants` continued infringement of the
patents-in-suit that "would reasonably compensate [I/P Engine] for giving up
[its] right to exclude yet allow an ongoing willful infringer to make a
reasonable profit" is a rate of 6.5% of the 20.9% royalty base previously set
by the District Court.
Plug Power, Inc. (NASDAQ: PLUG) a leader in providing clean, reliable energy
solutions, has published a replay of its January Business Update webcast. Due
to technical difficulties that may have been caused by high volume to Plug
Power's web site, the webcast link was unavailable to some attendees. The
webcast is posted on the homepage of Plug Power's web
site,http://www.plugpower.com, and can be directly linked at
Meritor, Inc. (NASDAQ: MTOR) is launching an educational campaign at Heavy
Duty Aftermarket Week (HDAW) 2014 to help truck operatorsunderstand how the
company's aftermarket brake products and automatic tire inflation parts
enhance safety and improve their ability to comply with federal regulations.
Meritor's aftermarket team will share this message with truck operators in a
free informational kit and industry advertising. The goal is to assure
trucking companies of all sizes that they're using the right parts to ensure
proper vehicle stopping power and minimize or eliminate specific Federal Motor
Carrier Safety Administration (FMCSA) violations.
Organovo Holdings, Inc. (NYSE: ONVO) a three-dimensional biology company
focused on delivering breakthrough 3D bioprinting technology, recently
announced that it has performed its first 3D Liver tissue delivery. The
achievement marks the delivery of Organovo's 3D Liver tissue to a laboratory
outside of the company to a key opinion leader (KOL) for experimentation, and
marks the achievement of a milestone along the pathway to commercial launch of
its 3D liver tissue product.Organovo achieved the milestone ahead of its
April 2014 target date.Key opinion leaders are generally experts, in this
case top research scientists, in a particular field whose opinions and
publications will influence practice.
Consumer Goods Market Snapshot - Annie's Inc. (NYSE: BNNY), a leading mission
driven, natural and organic foods company, closed up .87 percent on Wednesday
afternoon on over 407k shares traded. Mondelez International, Inc. (NASDAQ:
MDLZ), a global snacking powerhouse, closed down 2.19 percent on Wednesday on
over 13.7 million shares traded. Cal-Maine Foods, Inc. (NASDAQ: CALM), the
largest producer and distributor of fresh shell eggs in the United States,
closed down 2.41 percent on Wednesday on over 114k shares traded.
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