Digital Ally, Inc. (NASDAQ: DGLY)
disclosed that
a Federal District Court gave a ruling that denied TASER International, Inc. (NASDAQ: TASR) request to continue the stay of unearthing of the Antitrust claims included
in its lawsuit against Taser. As a result, the ruling enables investigations into claims that Taser has bribed officials and
conspired.
Digital Ally indicated that the ruling would allow production of documents, interrogatories and depositions of former and
current employees and consultants of Taser. The ruling came in response to a suit filed on January 15 in the current year that
alleged Taser of infringing the "292 Patent by selling and offering to sell its Axon Signal auto-activation technology."
Related Link: Taser Has "Razor And
Razor Blade" Model
The company's CEO, Stanton Ross, reacted to say, "The Company is very pleased that the court has denied Taser's request to stay
discovery on the antitrust portion of the lawsuit and intends to commence such discovery immediately. Furthermore, the Company
believes that the outcome of this litigation will generally set the competitive landscape for body-worn cameras utilized by law
enforcement agencies for the foreseeable future."
Earlier, Taser got a stay of all discovery in respect of the anti-trust claim portion of the lawsuit in response to a motion to
dismiss the antitrust claims, which is pending in the court. The current ruling effectively lifts the stay giving Digital Ally the
option to initiate the discovery.
Taser closed Thursday trading at $22.09, while Digital Ally closed at $5.41. In Friday's pre-market session, Digital Ally was up
12.75 percent at $6.10.
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