Deerfield Beach, FL, November 11, 2009 --(PR.com
)-- CHDT Corporation, a Florida corporation (Symbol: CHDO.OB), (Company) announced today that that the U.S. District Court for the Southern District of New York (Court) has denied all claims of the plaintiffs in their lawsuit against the Company. In a November 5, 2009 Memorandum of Decision, the Court ruled that the Plaintiffs had failed to establish their claims and would recover nothing under their amended complaint.
“We are extremely pleased by the decision in this lawsuit, which has been a hindrance to promoting the Company since 2004. While an appeal is possible, we are confident that the decision of 5 November 2009 is well reasoned and establishes that the plaintiffs have failed to make their case under applicable law. The November 5, 2009 decision is the third occasion that the plaintiffs’ claims have been denied: the initial complaint and amended complaint being dismissed on motion and now the decision after trial that the plaintiffs have failed to establish any of their claims,” said Howard Ullman, Chairman of the Board of Directors.