Business
Litigation Update - Revised Trial Date
Litigation Update - Revised Trial Date.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n \n \n \n FOR IMMEDIATE RELEASE \n \n \n 7 September 2022\n \n \n \n \n Nanoco Group PLC\n \n \n \n (\n \"\n Nanoco, the\n \"\n Group\", or the\n \"\n Company\")\n \n \n \n \n \n \n \n \n Litigation Update - Revised Trial Date\n \n \n \n \n \n \n \n \n Nanoco Group plc\n (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, announces that the Court has revised the trial schedule for cases in the Eastern District of Texas, and accordingly the case between Nanoco and Samsung will be re-scheduled.\n \n \n \n \n \n The trial between Nanoco and Samsung had been scheduled to start on 12 September 2022. As is the usual practice, the court had scheduled a number of trials for the same date given that, historically, the majority of cases settle before trial.\n \n \n \n \n \n The court has now advised that another case that was scheduled to go to trial on 12 September 2022 will now go forward as scheduled. The Company understands that the next scheduled date for trials in the Eastern District of Texas, Marshall Division, is 3 October 2022. However, no scheduling order or priority of cases has been set as yet for 3 October 2022.\n \n \n \n \n \n Brian Tenner, Chief Executive Officer of Nanoco Group plc, said:\n \n \n \"This change in court date is one minor downside to the system in Texas that delivers trials and outcomes at a much faster rate than most other jurisdictions in the US.\n \n \n \n \n \n \"We will remain patient. Our team of witnesses and advisers were primed and ready for a trial on 12 September 2022. The same will be equally true on 3 October or any date thereafter that our case is set first in the court schedule.\"\n \n \n -\n \n Ends -\n \n \n \n \n \n \n \n \n For further information, please contact:\n \n \n Nanoco Group PLC\n :\n \n \n Brian Tenner, CEO +44 (0)1928 761 404\n \n \n Liam Gray, CFO & Company Secretary\n \n \n \n \n \n Peel Hunt (Joint Corporate Broker):\n \n \n Paul Gillam +44 (0) 20 7418 8900\n \n \n James Smith\n \n \n \n \n \n \n Turner Pope Investments (Joint Corporate Broker):\n \n \n \n Andrew Thacker +44 (0) 20 3657 0050\n \n \n James Pope\n \n \n \n \n \n MHP Communica...