Shareholders Obtain Preliminary Injunction Against SkyWay Communications Holding Group.TAMPA, Fla. -- A group of shareholders of SkyWay Communications Holding Group (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SWYC SWYC Southwestern Yacht Club ), has obtained a preliminary injunction A temporary order made by a court at the request of one party that prevents the other party from pursuing a particular course of conduct until the conclusion of a trial on the merits. A preliminary injunction is regarded as extraordinary relief. against the Company in United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. , Middle District of Florida, Tampa Division, with the order entered on April 27, 2005. Nazar F. Talib is lead plaintiff. The preliminary injunction orders that the defendants, SkyWay, its officers, directors, agents or assigns are each enjoined from selling, offering to sell, transferring, pledging, encumbering or otherwise disposing of shares of its securities or any other company assets, tangible or intangible, except as may be necessary to fund its routine business affairs through its customary operating account(s). The defendants, Brent Kovar, James Kent and Joy Kovar, are likewise enjoined from selling, offering to sell, transferring, pledging, encumbering or otherwise disposing of any shares of SkyWay securities or other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. of SkyWay. Individual assets of the defendants or any affiliated company are not enjoined. |
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