TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

Vystar® Reports, Following its First of its Kind Court Victory against EMA Financial, Inc. of $497,439.58 in Legal Fees and Costs Awarded.

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
Vystar® Reports, Following its First of its Kind Court Victory against EMA Financial, Inc. of $497,439.58 in Legal Fees and Costs Awarded.

Vystar Corporation (OTCQB: VYST) announced a significant legal victory against EMA Financial, Inc. after four years of litigation. The U.S. Court of Appeals for the Second Circuit dismissed EMA's breach-of-contract claim seeking over $4.2 million in damages, and the court awarded Vystar $497,439.58 in legal fees and costs. This marks the first successful defense against EMA Financial's convertible note claims by any micro-cap issuer.

Insights
VYST   positive

The company successfully defended itself against a major lawsuit, had a substantial claim dismissed, and recovered nearly $500,000 in legal fees. This represents a significant legal and financial victory that reduces liability risk and validates the company's legal position.