Court takes dramatic and decisive action against Startronix.NEW YORK--(BUSINESS WIRE)--Nov. 13, 1996--Startronix International Inc. (STNX)--Baytree Associates Inc. The press release issued by Startronix International on Nov. 12, 1996 which stated that the temporary restraining order temporary restraining order: see injunction. against Startronix' bank account entered on Nov. 7, 1996 "was without merit or effect" is untrue un·true adj. un·tru·er, un·tru·est 1. Contrary to fact; false. 2. Deviating from a standard; not straight, even, level, or exact. 3. Disloyal; unfaithful. . Startronix removed the action to federal court and in its notice of removal admitted that the restraining order restraining order: see injunction. was still in effect. Yesterday's press release by the company indicated that Startronix may have violated vi·o·late tr.v. vi·o·lat·ed, vi·o·lat·ing, vi·o·lates 1. To break or disregard (a law or promise, for example). 2. To assault (a person) sexually. 3. the temporary restraining order. Accordingly, this morning (Nov. 13, 1996), counsel for the investors appeared before a federal judge who entered an expanded order requiring Startronix to show cause at 4:30pm on Nov. 18, 1996 why it should not: (i) be held in contempt of the prior temporary restraining order, (ii) be required to deposit the amount invested with the federal court, (iii) be required to immediately produce its Chairman Greg Gilbert Greg Gilbert (born January 22, 1962 in Mississauga, Ontario) is a retired former professional ice hockey player and the current head coach of the Toronto Marlies in the American Hockey League. , to answer questions at a deposition Deposition Christ is taken from the cross and enshrouded. [N.T.: Matthew 27:57–60; Christian Art: Appleton, 55] See : Passion of Christ . The judge further restrained Startronix from withdrawing, removing, transferring, disposing of, conveying or encumbering the amount invested by plaintiffs from the bank account previously attached, any other account at that bank, or any account at any bank. CONTACT: Martin E. Janis & Company Inc., Chicago Bev Jedynak, 312/943-1100 or Baytree Associates Inc. George Sandhu, 212/509-1700 |
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