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Litigation Claim

28 May 2010 07:00

RNS Number : 6865M
CSS Stellar PLC
28 May 2010
 



CSS Stellar plc

("CSS Stellar" or the "Company")

Litigation claim

 

 

In 2009, a lawsuit was brought against, inter alia, Christopher Lencheski in the Supreme Court of the State of New York by 600 Management LLC and 600 Management Holdings LLC ("600 Management"), claiming, among other causes of action, breach of contract, breach of fiduciary duty and misappropriation of company assets, proprietary information and goodwill. The complaint was recently amended to include claims of fraudulent inducement into contract.

 

Mr Lencheski has recently filed counterclaims against Julian Jakobi and John Webber, who are among the investors in 600 Management, and against CSS Stellar in the aforementioned lawsuit.

 

CSS Stellar was not a party to any of the agreements underlying the claims and counterclaims in the civil action and had no ownership interest in any of the parties. CSS Stellar, Mr Jakobi and Mr Webber firmly believe these counterclaims to be totally without merit. Upon advice of counsel, these parties will not comment on this ongoing litigation and will allow the court to decide this matter.

 

A further announcement will be made in due course.

 

 

 

For further information please contact:

Julian Jakobi

CSS Stellar plc

020 7332 2002

Luke Cairns / Avi Robinson

Astaire Securities plc

020 7448 4400

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUBANRRAAVUAR
Date   Source Headline
31st Jul 200810:25 amRNSDirectorate Change
24th Jul 200810:23 amRNSEGM Statement
24th Jul 200810:20 amRNSResult of AGM
15th Jul 20087:00 amRNSCompletion of Disposal
7th Jul 200811:51 amRNSResult of General Meeting
2nd Jul 20087:00 amRNSNotice of AGM and EGM
30th Jun 20087:00 amRNSAnnual Report and Accounts
25th Jun 20084:58 pmRNSNotice of EGM
24th Jun 200811:03 amRNSFinal Results
18th Jun 20087:00 amRNSDisposal
18th Jan 200811:55 amRNSDirector/PDMR Shareholding
18th Jan 200811:54 amRNSHolding(s) in Company
18th Jan 200811:54 amRNSHolding(s) in Company
18th Jan 200811:52 amRNSHolding(s) in Company
8th Jan 20087:00 amRNSDisposal
14th Dec 20077:00 amRNSShare Capital Reduction & EGM
30th Oct 20078:05 amRNSHolding(s) in Company
30th Oct 20078:00 amRNSHolding(s) in Company
25th Oct 20074:00 pmRNSTrading Update
28th Sep 20077:06 amRNSInterim Results
12th Sep 20074:38 pmRNSAppointment
31st Aug 20078:00 amRNSChange of Adviser
30th Aug 20075:26 pmRNSHolding(s) in Company
23rd Aug 200711:20 amRNSTotal Voting Rights
22nd Aug 20075:22 pmRNSHolding(s) in Company
21st Aug 20073:39 pmRNSAIM Rule 26
16th Aug 20074:14 pmRNSAGM Result & New Chairman
9th Aug 20072:41 pmRNSRe Board Appointments
25th Jul 20073:18 pmRNSHolding(s) in Company
25th Jul 20077:00 amRNSBoard Changes and AGM Notice
24th Jul 20079:00 amRNSHolding(s) in Company
19th Jul 20074:23 pmRNSHolding(s) in Company
19th Jul 20072:51 pmRNSDirector/PDMR Shareholding
3rd Jul 20072:09 pmRNSResult of EGM
26th Jun 200711:00 amRNSAnnual Report and Accounts
26th Jun 20077:02 amRNSSpeculation Response
25th Jun 20077:03 amRNSResponse to Requisition
14th Jun 200712:00 pmRNSHolding(s) in Company
12th Jun 20075:40 pmRNSNotice of EGM
23rd May 20075:40 pmRNSResponse to Media
23rd May 20078:00 amRNSRequisition of EGM
15th Mar 20077:03 amRNSPreliminary Results
22nd Feb 20079:45 amRNSHolding(s) in Company
22nd Feb 20079:34 amRNSHolding(s) in Company
21st Dec 200610:57 amRNSTotal Voting Rights
17th Oct 200612:52 pmRNSDirectorate Change
14th Sep 20065:44 pmRNSHolding(s) in Company
14th Sep 20065:03 pmRNSHolding(s) in Company
9th Jun 200610:13 amRNSDirector/PDMR Shareholding
7th Jun 20063:35 pmRNSDirector/PDMR Shareholding

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