Post by kbarry1969 on Dec 6, 2008 22:12:41 GMT -6
Corporate Updates
12-06-08
CMKM Updates Eton Properties and Viashow Lawsuits
A hearing was held on December 5, 2008 in Waynesville, NC on Eton Properties' motion to dismiss and motion for summary judgment in the Eton Properties Corp. vs. CMKM Diamonds, Inc. lawsuit. The hearing was attended by CMKM General Counsel Bill Frizzell and by CMKM local counsel Jeffrey Norris.
At the beginning of the hearing, Eton Properties' attorney withdrew their Motion to Dismiss. In Eton's Motion for Summary Judgment, the Court interpreted the North Carolina statute as demanding that a suit be filed in North Carolina within 60 days of the filing of the Lis Pendens. CMKM's attorneys were not in agreement that this was necessary to comply with the statute since our suit was filed in Nevada. Attorneys for CMKM reminded the Court that Eton has sued CMKM, and that CMKM has filed counterclaims against Eton and the Court acknowledged this filing. The Court granted Eton’s Motion for Summary Judgment which simply struck CMKM's first filing of the Lis Pendens. CMKM's attorneys immediately went to local counsel’s office and prepared and filed a second Lis Pendens. CMKM will now proceed with discovery and a new Lis Pendens is now in effect on the property which we have sought in this proceeding. New documents pertaining to this case can be found in the Documents section of the Company website.
In the CMKM vs. Viashow Lawsuit, local counsel for CMKM David Koch attended the required Early Case Conference on Wednesday, December 3, 2008. Attorneys for both parties have agreed to provide each other with documentation supporting their cases within 14 days of the Early Case Conference.
CEO Mark Faulk said, "We are very pleased with the performance of our attorneys in both the Eton and Viashow lawsuits, and anticipate continued progress as we move forward on these and other legal matters that the Company has undertaken. We will not only continue to represent CMKM to the best of our ability on pending legal actions, we will also broaden the scope of our actions to include other parties who have wronged CMKM and its Shareholders. Furthermore, we intend to continue efforts to push for justice within our criminal system against those individuals and entities who defrauded CMKM and its Shareholders of over $250 million."
For more information on these lawsuits, see CMKM vs. ViaShow Lawsuit under Misc. CEO-Released Documents, and the Eton Properties Lawsuit section of the Documents area.
12-06-08
CMKM Updates Eton Properties and Viashow Lawsuits
A hearing was held on December 5, 2008 in Waynesville, NC on Eton Properties' motion to dismiss and motion for summary judgment in the Eton Properties Corp. vs. CMKM Diamonds, Inc. lawsuit. The hearing was attended by CMKM General Counsel Bill Frizzell and by CMKM local counsel Jeffrey Norris.
At the beginning of the hearing, Eton Properties' attorney withdrew their Motion to Dismiss. In Eton's Motion for Summary Judgment, the Court interpreted the North Carolina statute as demanding that a suit be filed in North Carolina within 60 days of the filing of the Lis Pendens. CMKM's attorneys were not in agreement that this was necessary to comply with the statute since our suit was filed in Nevada. Attorneys for CMKM reminded the Court that Eton has sued CMKM, and that CMKM has filed counterclaims against Eton and the Court acknowledged this filing. The Court granted Eton’s Motion for Summary Judgment which simply struck CMKM's first filing of the Lis Pendens. CMKM's attorneys immediately went to local counsel’s office and prepared and filed a second Lis Pendens. CMKM will now proceed with discovery and a new Lis Pendens is now in effect on the property which we have sought in this proceeding. New documents pertaining to this case can be found in the Documents section of the Company website.
In the CMKM vs. Viashow Lawsuit, local counsel for CMKM David Koch attended the required Early Case Conference on Wednesday, December 3, 2008. Attorneys for both parties have agreed to provide each other with documentation supporting their cases within 14 days of the Early Case Conference.
CEO Mark Faulk said, "We are very pleased with the performance of our attorneys in both the Eton and Viashow lawsuits, and anticipate continued progress as we move forward on these and other legal matters that the Company has undertaken. We will not only continue to represent CMKM to the best of our ability on pending legal actions, we will also broaden the scope of our actions to include other parties who have wronged CMKM and its Shareholders. Furthermore, we intend to continue efforts to push for justice within our criminal system against those individuals and entities who defrauded CMKM and its Shareholders of over $250 million."
For more information on these lawsuits, see CMKM vs. ViaShow Lawsuit under Misc. CEO-Released Documents, and the Eton Properties Lawsuit section of the Documents area.
