High Volume Stocks Advancing This Week - Company Awarded $1Million Judgment
CORAL SPRINGS, Florida, January 30, 2014 /PRNewswire/ --
Industry leaders make headway with developments and funding: RiceBran Technologies (NASDAQ: RIBT), Vringo Inc. (NASDAQ: VRNG), Plug Power, Inc. (NASDAQ: PLUG), Meritor, Inc. (NASDAQ: MTOR) and Organovo Holdings, Inc. (NYSE: ONVO)
RiceBran Technologies (NASDAQ: RIBT), a global leader in the production and marketing of value added products derived from rice bran, today announced that it has been awarded a judgment against Diabco Life Sciences, LLC ("Diabco"). The Superior Court of California in and for the County of Sacramento awarded a judgment of $1,013,241 to RiceBran Technologies against Indiana-based Diabco Life Sciences, LLC for failure to pay for product received from RBT. The judgment includes all of RBT's costs and expenses incurred in pursuing collection of the past due debt. Interest has begun and will accrue at the rate of 10% per annum until the debt is paid. RBT is taking steps to aggressively pursue collection of the award using all legal means available.
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W. John Short, CEO & President of RiceBran Technologies commented, "We are pleased that the Superior Court in Sacramento has awarded judgment in favor of RiceBran Technologies. In our eyes this case was simple. We delivered product in good faith based on our receipt of purchase orders for which Diabco refused to pay. We were forced to resort to legal action to collect."
Vringo Inc. (NASDAQ: VRNG) announced that on January 28, 2014, the U.S. District Court for the Eastern District of Virginia, Norfolk Division, issued a Memorandum Opinion and Order related to its wholly-owned subsidiary I/P Engine, Inc.`s litigation against AOL, Google et al. for infringement of its patents through their AdWords system. In the Order, the Court held that the appropriate ongoing royalty rate for defendants` continued infringement of the patents-in-suit that "would reasonably compensate [I/P Engine] for giving up [its] right to exclude yet allow an ongoing willful infringer to make a reasonable profit" is a rate of 6.5% of the 20.9% royalty base previously set by the District Court.
Plug Power, Inc. (NASDAQ: PLUG) a leader in providing clean, reliable energy solutions, has published a replay of its January Business Update webcast. Due to technical difficulties that may have been caused by high volume to Plug Power's web site, the webcast link was unavailable to some attendees. The webcast is posted on the homepage of Plug Power's web site, http://www.plugpower.com, and can be directly linked at https://event.webcasts.com/viewer/event.jsp?ei=1027963.
Meritor, Inc. (NASDAQ: MTOR) is launching an educational campaign at Heavy Duty Aftermarket Week (HDAW) 2014 to help truck operators understand how the company's aftermarket brake products and automatic tire inflation parts enhance safety and improve their ability to comply with federal regulations. Meritor's aftermarket team will share this message with truck operators in a free informational kit and industry advertising. The goal is to assure trucking companies of all sizes that they're using the right parts to ensure proper vehicle stopping power and minimize or eliminate specific Federal Motor Carrier Safety Administration (FMCSA) violations.
Organovo Holdings, Inc. (NYSE: ONVO) a three-dimensional biology company focused on delivering breakthrough 3D bioprinting technology, recently announced that it has performed its first 3D Liver tissue delivery. The achievement marks the delivery of Organovo's 3D Liver tissue to a laboratory outside of the company to a key opinion leader (KOL) for experimentation, and marks the achievement of a milestone along the pathway to commercial launch of its 3D liver tissue product. Organovo achieved the milestone ahead of its April 2014 target date. Key opinion leaders are generally experts, in this case top research scientists, in a particular field whose opinions and publications will influence practice.
Consumer Goods Market Snapshot - Annie's Inc. (NYSE: BNNY), a leading mission driven, natural and organic foods company, closed up .87 percent on Wednesday afternoon on over 407k shares traded. Mondelez International, Inc. (NASDAQ: MDLZ), a global snacking powerhouse, closed down 2.19 percent on Wednesday on over 13.7 million shares traded. Cal-Maine Foods, Inc. (NASDAQ: CALM), the largest producer and distributor of fresh shell eggs in the United States, closed down 2.41 percent on Wednesday on over 114k shares traded.
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