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Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s):  UURAF

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.


TSXV:UCU - Post by User

Bullboard Posts
Comment by medvic1on Nov 01, 2019 2:31pm
119 Views
Post# 30298623

RE:RE:RE:RE:RE:MSN FINANCIAL PRESS RELKEASE - U.S. FED COURT FAVORS IBC

RE:RE:RE:RE:RE:MSN FINANCIAL PRESS RELKEASE - U.S. FED COURT FAVORS IBC Utah, Mormons, ... and they are ruling here, resolution take time unfortunately...

intrigued wrote: Actually the judge did recognize that there would be "two parallel judicial proceedings". 

He did indicate that factors favored Ucore but also said "it is not enough that the factors favoring deferral outnumber those opposed ( or neutral). Rather, the factors favoring deferral must themselves be exceptional."

"the court finds neither sufficiently "exceptional" circumstances nor the "clearest of justifications" that would warrant the "surrender" of this court's jurisdiction to resolve a case properly before it."

"At most, dual proceedings in Nova Scotia and this court pose a risk of duplicative effort and inconsistent outcomes."  EXACTLY why two parallel judicial proceedings SHOULD NOT progress.  What is going through this judge's head?

He continues "The circumstances here thus present little more than a "garden-variety example of two lawsuits proceeding concurrently in two courts." Id. at 556. If that were enough to support abstention, then such circumstances "would seemingly support abstention in every federal case that has a parallel state [ or here, foreign] case."  EXACTLY.

How many court cases exist where there are a duplicity of cases occurring at the same time for the same circumstances?  What a waste of resources and effort.  Seems like the judge has a "I have authority and I am going to exercise it" complex. 


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