Reliability Incorporated (RLBY) Updates Investors on the Ongoing Litigation against the Vivos Group. [Yahoo! Finance]
RELIABILITY INC (RLBY)
NASDAQ:AMEX Investor Relations:
investorshub.advfn.com/reliability-inc-rlby-14036
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Source: Yahoo! Finance
On December 29, 2023, the Circuit Court for Montgomery County, Maryland signed orders entering three (3) arbitration awards as judgments in Reliability's case against the Vivos Holdings, LLC and others (collectively, the “Vivos Group”). The Arbitrator had entered awards in August 2022, May 2023, June 2023, and October 2023, based upon contract and tort claims brought by Reliability and Reliability's wholly owned subsidiary, The Maslow Media Group (“MMG”), against the Vivos Group. The total amount of the judgments exceeds $7.7M. The arbitrator also appointed a rehabilitative receiver to collect Reliability's portion of the judgments. These three arbitration Awards became final judgements on January 29, 2024. The judgments are good for 12 years and can be enrolled in other states. Thus, Reliability and MMG now, have final judgments which the appointed Receiver is now eligible to collect. The Rehabilitative Receiver appointed by the Arbitrator is currently working on a plan to enabl
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