Nexia Health Technologies Inc V.NGH.H

news is bad coming out this morning about legal

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@ndaloisi $NGH Nexia Health Provides Update on Arbitration Matter Canada NewsWire MARKHAM, ON, Jan. 29, 2018 /NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES/ MARKHAM, ON, Jan. 29, 2018 /CNW/ - Nexia Health Technologies Inc. (TSXV-NGH.H) (the "Company") is providing an update of the status of its previously disclosed legal dispute involving a software vendor (the "Claimant").  The Company and Claimant participated in arbitration hearings in late September 2017. After market close on January 26, 2018, the Company was advised by the arbitrator that it has issued a final partial award in the Claimant's favour upholding certain claims for breach of contract relating to unpaid service fees and termination fees. The quantum of damages will be determined by the arbitrator after a further hearing which is scheduled to take place in late April 2018.  The Company strongly disagrees with the findings of the arbitrator and is exploring its legal options and may elect to pursue this matter in court. The Company provides no assurance on the likely outcome of any decision of an applicable court. If such outcome is unsuccessful, the Company's financial condition will be adversely and significantly impacted. The Company will provide updates on this matter as and when it becomes aware of new additional material information.
@ndaloisi $NGH Nexia Health Provides Update on Arbitration Matter Canada NewsWire MARKHAM, ON, Jan. 29, 2018 /NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES/ MARKHAM, ON, Jan. 29, 2018 /CNW/ - Nexia Health Technologies Inc. (TSXV-NGH.H) (the "Company") is providing an update of the status of its previously disclosed legal dispute involving a software vendor (the "Claimant").  The Company and Claimant participated in arbitration hearings in late September 2017. After market close on January 26, 2018, the Company was advised by the arbitrator that it has issued a final partial award in the Claimant's favour upholding certain claims for breach of contract relating to unpaid service fees and termination fees. The quantum of damages will be determined by the arbitrator after a further hearing which is scheduled to take place in late April 2018.  The Company strongly disagrees with the findings of the arbitrator and is exploring its legal options and may elect to pursue this matter in court. The Company provides no assurance on the likely outcome of any decision of an applicable court. If such outcome is unsuccessful, the Company's financial condition will be adversely and significantly impacted. The Company will provide updates on this matter as and when it becomes aware of new additional material information.