AK Associates LLC, A Wholly Owned Subsidiary of Prime Medical Services, Initiates Lawsuit Against Calutech Mobile Solutions.Business Editors/Health/Medical Writers AUSTIN, Texas--(BUSINESS WIRE)--Sept. 16, 2003 Lawsuit Alleges Misappropriation misappropriation n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any of Trade Secrets and Breach of Contracts and Agreements Prime Medical Services Inc. (Nasdaq:PMSI PMSI Purchase-Money Security Interest (generally a lien resulting from a purchase such as a car loan) PMSI Physician Micro Systems, Inc. PMSI Programme de Médicalisation des Systèmes d'Information Hospitaliers PMSI Popular Mortgage Servicing, Inc. ), today announced that Chicago based AK Associates LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Company, initiated a multiple count lawsuit in the Chancery Division of the Circuit Court of Cook County, Illinois Cook County is a county located in the U.S. state of Illinois. As of 2000, the population was 5,376,741, making it the second largest county by population in the United States (after Los Angeles County, California), and accounting for 43. , against Calutech Mobile Solutions Inc. In addition to the lawsuit against Calutech, AK Associates also filed suit against a number of Calutech employees. All of these persons are former employees of the Calumet Calumet, region, United States Calumet (kăl`y  mĕt'), industrialized region of NW Ind. and NE Ill., along the south shore of Lake Michigan. Coach Company, the assets of which were purchased by AK Associates in May 2001. The counts of the lawsuit include misappropriation of trade secrets, breach of contracts (specifically, confidentiality agreements), breach of severance agreements and breach of employment agreements. AK Associates asserts that the former Calumet employees improperly and illegally acquired a vast amount of technical and commercial information both prior and subsequent to AK Associates' purchase of the assets of the Calumet Coach Company and, for the majority of individual defendants, prior to their departure as employees of Calumet Coach Company. This information became the foundation upon which Calutech established its business plan. Additionally the information was used to solicit financial investment in order to establish Calutech as a direct competitor to a company owned by AK Associates. The complaint made against Calutech and the named individuals requests that the court award compensatory and exemplary damages exemplary damages n. often called punitive damages, these are damages requested and/or awarded in a lawsuit when the defendant's willful acts were malicious, violent, oppressive, fraudulent, wanton, or grossly reckless. , injunctive relief injunctive relief n. a court-ordered act or prohibition against an act or condition which has been requested, and sometimes granted, in a petition to the court for an injunction. and attorney's fees in favor of AK Associates. About Prime Medical Services Prime is an industry leader in providing healthcare services to the urology community and is a market leader in the design and manufacturing of specialty vehicles for use in the medical and broadcast & communications industries. For more information, visit Prime's Web site at: www.primemedical.com. Statements in this press release that are not strictly historical, including statements regarding plans, objective and future financial performance, are "forward-looking" statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Although Prime believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that the expectations will prove to be correct. Factors that could cause actual results to differ materially from Prime's expectations include, among others, the existence of demand for and acceptance of Prime's services, the availability of appropriate candidates for acquisition by Prime, regulatory approvals, economic conditions, the impact of competition and pricing, financing efforts and other factors described from time to time in Prime's periodic filings with the Securities and Exchange Commission. |
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