AERT seeks ruling in Delaware court.Advanced Environmental Recycling Technologies Inc. of Springdale on Aug. 19, filed an action seeking a declaratory judgment declaratory judgment In law, a judgment merely declaring a right or establishing the legal status or interpretation of a law or instrument. It is binding but is distinguished from other judgments or court opinions in that it includes no executive element (an order that in Delaware chancery court The Chancery Court of York is an ecclesiastical court for the Province of York of the Church of England. The presiding officer, the Official Principal and Auditor, has been the same person as the Dean of the Arches since the nineteenth century . that the company is in compliance with the terms of its Series D preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. issued in October 2007 (Advanced Environmental Recycling Technologies inc. vs. Fort Mason Master LP and Fort Mason Partners LP). AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team also seeks a ruling to clarify its obligation for late registration penalties because of delays in getting the S-3 resale registration statement effective as a result of circumstances beyond its control. AERT is not seeking monetary damages in the action. |
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