Ira Rothken.
www.lukeisback.com
"What's your reaction to this week's ruling?"
"That ruling was a motion that the CE Cash defendants brought for the court to give it guidance on what it should do with the revenue share arising out of the contract between CE Cash and New Destiny [Homegrown Video]. The court said that it didn't think it was necessary for the defendants [Voice Media, Ron Levi, et al] to deposit the money with JAMS [the abitrator]. That it could make its own election on what it wants to do with the monies."
"So it wasn't a devastating setback for your side?"
"It was a benign ruling that maintained the status quo. We were trying to be creative because we wanted to show good faith. Normally in a case like this one, where the plaintiff (New Destiny) is claiming there is no contract, it's rather unusual for them to walk into court and argue that they want to be paid under a contract. We were asking the arbitrator for some guidance and he gave us the guidance. He didn't think setting up a fund was necessary. There was no time when we wanted to keep monies from New Destiny. We were dealing with a moving target and we were seeking guidance from the arbitrator."
www.lukeisback.com
"What's your reaction to this week's ruling?"
"That ruling was a motion that the CE Cash defendants brought for the court to give it guidance on what it should do with the revenue share arising out of the contract between CE Cash and New Destiny [Homegrown Video]. The court said that it didn't think it was necessary for the defendants [Voice Media, Ron Levi, et al] to deposit the money with JAMS [the abitrator]. That it could make its own election on what it wants to do with the monies."
"So it wasn't a devastating setback for your side?"
"It was a benign ruling that maintained the status quo. We were trying to be creative because we wanted to show good faith. Normally in a case like this one, where the plaintiff (New Destiny) is claiming there is no contract, it's rather unusual for them to walk into court and argue that they want to be paid under a contract. We were asking the arbitrator for some guidance and he gave us the guidance. He didn't think setting up a fund was necessary. There was no time when we wanted to keep monies from New Destiny. We were dealing with a moving target and we were seeking guidance from the arbitrator."
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