Consygen, Inc. Sued in New York Federal District Court for Breach of Contract.NEW YORK--(BUSINESS WIRE)--December 23, 1998--Sovereign Partners LP, Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India. Capital Fund and Canadian Advantage Limited Partnership (the "Investors"), announced today that they have filed a lawsuit lawsuit: see procedure; tort. for Breach of Contract in the U.S. District Court for the Southern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of against Consygen, Inc. (Nasdaq: CSGI CSGI Common Spatial Gateway Interface ), a software conversion company. The lawsuit stems from the refusal of Consygen's new management to honor the terms of repayment relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc a $3,500,000 loan made to Consygen by the Investors in May 1998. As part of the loan agreement, Consygen has refused to honor conversion notices from the Investors. The Investors filed their lawsuit on December 1, 1998. Consygen's new management didn't disclose the lawsuit publicly until December 21, 1998. The Investors are considering further legal action against Consygen relating to Consygen's continued breach of the terms of the loan, and various statements in Consygen's press release that the Investors believe are false and misleading. |
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