ATG is Granted Temporary Restraining Order Against Bio-Friendly and Robert, Noel and William Carroll.Business Editors MONROVIA, Calif.--(BUSINESS WIRE)--Oct. 31, 2000 In response to the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. which was the subject of the news release issued yesterday by the company, American Technologies Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ATEG ATEG Assembly for the Teaching of English Grammar ), announcing the filing of the lawsuit against Bio-Friendly Corp., Robert Carroll, Noel Carroll, William Carroll and Shui-Yin Lo, the Superior Court of the State of California for the County of Los Angeles has granted a temporary restraining order temporary restraining order: see injunction. against Bio-Friendly, inter alia [Latin, Among other things.] A phrase used in Pleading to designate that a particular statute set out therein is only a part of the statute that is relevant to the facts of the lawsuit and not the entire statute. requiring them to take all steps necessary to remove any representation that they invented, researched, developed or commercialized The Force(R) or Might-Tron, a private label of The Force. The defendants were further ordered to show cause on Nov. 21, 2000 why they should not be restrained and enjoined from making such claims. This action arises from a complaint filed by ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant on Oct. 25, 2000 alleging in part, that defendants misappropriated mis·ap·pro·pri·ate tr.v. mis·ap·pro·pri·at·ed, mis·ap·pro·pri·at·ing, mis·ap·pro·pri·ates 1. a. To appropriate wrongly: misappropriating the theories of social science. ATG's catalyst technology and subsequently produced and sold products embodying ATG's proprietary information, specifically related to its combustion enhancer. The combustion enhancer is marketed by ATG in numerous products including The Force and as a liquid bulk fuel additive. The complaint seeks in part, $10 million in compensatory damages plus punitive damages, attorneys' fees and equitable relief. Lawrence J. Brady, ATG's chairman and chief executive officer said: "The ATG shareholders have spent many millions in developing and testing its current technologies which are presently being marketed, including the technology which is in issue in today's litigation release. "The results of those expenditures and that effort belongs to the shareholders and must be protected at all costs. We can all take great comfort that the court has seen the validity of the ATG position. As I have pledged many times, no one will take what belongs to the shareholders; and management and the company's board are committed to the wholehearted whole·heart·ed adj. Marked by unconditional commitment, unstinting devotion, or unreserved enthusiasm: wholehearted approval. whole defense of these valuable corporate assets." Included in this release are forward-looking statements which the company believes are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to be correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. |
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