Digital Ally (DGLY) Receives Favorable Verdict in Taser (TASR) Antitrust Suit
- Major stock indexes rise again to new records
- Unusual 11 Mid-Day Movers 12/8: (COOL) (TLRD) (DRAM) Higher; (SHIP) (OHRP) (MLSS) Lower
- Third-Party Said Interested in PrivateBancorp (PVTB) as CIBC (CM) Deal is Delayed
- Insys Therapeutics (INSY) Sinks as Former Employees Arrested in Racketeering Scheme
- Lower for longer, ECB scales back asset buys
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Digital Ally, Inc. (Nasdaq: DGLY) announced that on October 13, 2016, the Federal District Court issued a ruling that denied the request of Taser International, Inc. ("Taser") to continue the stay of discovery on the Antitrust claims included in Digital Ally's lawsuit against Taser. The ruling allows Digital Ally to commence discovery, which eventually will include requests for production of documents, interrogatories, and depositions of Taser employees, former employees and consultants. The ruling also will also allow Digital Ally to undertake discovery of Taser's customers beginning with subpoenas, production of documents and, in time, depositions of the customer's employees, former employees, officials and consultants.
The Company filed suit on January 15, 2016 in the U.S. District Court for the District of Kansas (Case No: 2:16-cv-02032) against Taser, alleging that Taser willfully infringed the '292 Patent by selling and offering to sell its Axon Signal auto-activation technology. The Company initiated the lawsuit after the USPTO reconfirmed the validity of its '292 Patent. On February 2, 2016, the Company amended its complaint against Taser, which among other claims added a new set of claims to the lawsuit alleging that Taser conspired to keep Digital Ally out of the marketplace by engaging in improper, unethical, and unfair competition. The lawsuit alleges Taser bribed officials and otherwise conspired to secure no-bid contracts for its products in violation of both state law and federal antitrust law. Digital Ally's lawsuit also seeks monetary and injunctive relief, including treble damages, for these alleged violations.
Taser has filed a motion to dismiss the antitrust claims in the lawsuit that is still pending before the court. In addition, Taser previously received a stay of all discovery related to the antitrust claim portion of the lawsuit. With this ruling, the court has now lifted that stay and Digital Ally is now free to commence such discovery.
"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," stated Stanton E. Ross, Chief Executive Officer of Digital Ally, Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Macy's (M), Sears (SHLD), Kohl's Corp. (KSS) Accused of Posting Fake 'Original' Prices - Bloomberg
- Northwest Biotherapeutics (NWBO) Offers Update on Phase 3 Trial Of DCVax-L for Newly Diagnosed GBM Cancer
- Cardiome Pharma (CRME) Announces Early Launch of XYDALBA in the U.K.
Create E-mail Alert Related CategoriesCorporate News, Hot Corp. News, Litigation, Management Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!