A patent holding company has fended off, at least for the moment, the lawsuit of a disaffected investor who claims he was cheated out of a stake in a valuable check-processing technology he allegedly helped develop.
Suffolk County Supreme Court Justice Elizabeth Emerson (See Profile), who sits in the Commercial Division, dismissed on May 10 all 38 claims against Data Treasury Corp. and several of its executives brought by real estate developer Ted Doukas. Emerson concluded in Doukas v. Ballard, 9267-11, that all of his claims were time-barred. Doukas had sought up to $15 billion in damages.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
