GREY:CVHIF - Post by User
Post by
darthsidious666on Jan 11, 2017 9:37pm
194 Views
Post# 25697319
very bait thing i just discovered
very bait thing i just discovered
" Convalo also announces that on December 2, 2016 it filed for dismissal of its action against the former owners of Hollywood Detox, which was described in a press release on February 25, 2016. Convalo filed the claim in large part because it received claims from a private carrier demanding reimbursement of payments made to Hollywood Detox prior to acquisition of the company by Convalo. Convalo has worked with the carrier and has yet to be required to make a repayment, although, despite the passage of time, a risk remains that it may still be owed. While this was favorable to Convalo, it reduced the potential damage award for proceeding with the action against the former owners. In the meantime, the cost of litigation, and the time and management required to pursue the litigation was outweighed by the reduced prospects of a large damage award. As always, there remain risks that carriers may bring actions against any subsidiaries of Convalo, including Hollywood Detox, in the future, but this risk was balanced against the cost of continuing litigation and issues relating to the expiration of the representations and warranties. Hollywood Detox has and will continue to operate in its current form."
from the same press release, indicating that some unknown carrier is suing our company for an unknown amount of dollars. this needs to be explained