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PPJ Enterprise (PPJE: PK) Updates Shareholders on New Developments in Its Collection Lawsuit
PPJ Enterprise (PPJE: PK) Updates Shareholders on New Developments in Its Collection Lawsuit.
About this update from Ppj Healthcare Enterprises, Inc.
[{"type":"text","content":"\n \n \n PPJ Enterprise (PPJE: PK) Updates Shareholders on New Developments in Its Collection Lawsuit\n \n \nPPJ Enterprise (PPJE: PK) Updates Shareholders on New Developments in Its Collection Lawsuit\n \n RENO, NV--(Marketwired - Jan 23, 2014) - PPJ Enterprise (OTC Pink: PPJE) (http://www.ppjenterprise.com/) a proprietary automated health care software company, is pleased to share new developments in its collection litigation. \n \"On January 20, 2014 we received 16,500 documents, including bank statements and deposit items, from Bank of America,\" said Chandana Basu, PPJE's President, \"and we received more than 2,000 similar documents from California Bank and Trust just days prior. Our forensic accounting experts must review these documents to add to our damage claim. They naturally need additional time. The Defendant brought an Ex Parte Motion on January 22 to prevent our expert from updating his report and to exclude additional damages suffered by the Company but we prevailed in the hearing.\" \n Ms. Basu continued, \"Yesterday, an hour after the Company announced that it was advised by its legal counsel that trial date was changed to February 5, 2014, we received a further update. The Judge, Honorable Mrs. Elizabeth White, stated that she would be on vacation starting February 14 for a week and ordered a settlement conference/mediation session on or about February 13 or February 20. The Court has not confirmed this yet. The Court did not want to tie up the Court Room with this case for the two to three weeks our attorneys estimate they need for trial. We have been ordered to attempt resolution of some of the issues prior to the trial date now set for February 26, 2014.\" \n \"As always, the Company will do everything to protect its shareholders' interests at any cost,\" Ms. Basu noted.\n The Company appreciates the Company Shareholders' continued support as always. \n As always PPJ management advises shareholders, company followers and prospective investors to contact their financial advisors if they have questions or concerns about their individual accounts and investment choices.\n For other news and events, the Company reminds its followers to monitor OTC Markets filings tab for further newsworthy events and corporate updates which will be reported as they happen.\n More updates will follow shortly.\n Ab...