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General Category >> The Cafe >> Rossi Court case over E-Cat tech settled @ 4th day
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Message started by Oldfeller on 07/05/17 at 11:19:05

Title: Rossi Court case over E-Cat tech settled @ 4th day
Post by Oldfeller on 07/05/17 at 11:19:05

Legal tricks ran out for Industrial Heat when they convinced the first set of jurors that they had been lied to by the State of Florida and this was really a 6 months long trial -- jurors then started excusing themselves and after the first 3 jurors quit the judge called mistrial and they went through Jury selection all over again, this time selecting jurors for a six months long trial. This took part of a week (time not counted as trial days).

IH was just rolling the dice again hunting for a better jury. Instead, they got another bunch of grumpy old retired people, folks that acted more than a little pissed off at being jerked around by the James Day lawyers during their jury selection process.

IH certainly didn't get a more favorable jury, so after initial statements were repeated in front of the new jury panel the new jury panel head man stood up and asked the judge since the lawyers had pre-agreed by stipulation that the E-Cat actually worked with a much better COP than required by the agreement and that the test agreement was 1) spelled out in some detail and 2) had been met and verified by the year long test as watched by the agreed upon referee --- could the jury just please go immediately to the awards portion of the trial?

IH's lawyers then asked for a recess and when they came back an hour and 45 minutes later they announced that there was an agreement (unspecified, secret agreement) between Rossi and IH (and Woodford who stood to lose the most out of the affair).

All charges on both sides have been dropped. The money changing hands is all secret at this point in time, but the cash had better get paid or the existing court will handle the discrepancies.

IH and Woodford were JEST PLAIN TERRIFIED what that particular jury would award to Rossi as "reasonable penalties" if actually allowed to en-panel and decide on some punitive damages.

;) Industrial Heat is out the $11 million given to Rossi and about 20 million in legal costs. Rossi is out about 10 million in legal costs, but now has a clear path to commercialization. Woodford is out 50 million as they had invested in Industrial Heat and IH has lost all rights to Rossi tech (specifically any lithium boosted LENR reactions used by Brillouin, et al that was shared with them illegally by IH).

To meet their existing contracts which are based off of using Rossi's lithium tech, Brillouin and the rest of the IH boys will have to pay Rossi royalties and license frees going forward.

Rossi now has a go for commercialization. His tech is proven in court to be real.

If I were IH, I'd be expecting some legal action against them by Woodford.

Woodford's good money was pissed away by IH's stupid dumb actions after misleading Woodford as to IH's ownership of the IP (which had never even happened).

Title: Re: Rossi Court case over E-Cat tech settled @ 4th
Post by verslagen1 on 07/05/17 at 12:33:47

LMAO!

we old fellers just like to cut to the chase.
Being that you agreed to this, and you agreed to that, we'd like to go to awards phase... maybe we still catch our show. (6 months MA)

Title: Re: Rossi Court case over E-Cat tech settled @ 4th
Post by justin_o_guy2 on 07/05/17 at 13:03:14

I luvitt!!

Title: Re: Rossi Court case over E-Cat tech settled @ 4th
Post by mpescatori on 07/06/17 at 00:45:24

If I were you guys, I'd keep a lookout for any fund-raising activity by Rossi and participate with some serious money.

From across the ocean I see this as a win-win investment.

Imagine investing in Apple shares in 1976... what would a $500 investment be Worth today ?

8-)

PS keep me informed, I want to invest too !

Title: Re: Rossi Court case over E-Cat tech settled @ 4th
Post by justin_o_guy2 on 07/06/17 at 03:29:31

I hope he doesn't celebrate carelessly.
If there's ever been a guy who might be found dead,,