The only active litigation against the company and/or its management has been dismissed with prejudice. "When this suit was filed over two years ago, our legal counsel was of the opinion that the suit was merit less. Nonetheless, since this same party had damaged GeckoSystems by filing multiple, abusive legal actions over a number of years, as a defensive measure, the company filed a counter suit for tortious interference. When the presiding judge issued a court opinion that the defamation suit was without basis, the Plaintiff promptly withdrew the suit. Although this egregiously abusive suit and other actions of the Plaintiff damaged GeckoSystems, we withdrew our counter suit because we believe that more appropriate venues exist.
"We have no other lawsuits pending. The two judgments remaining involve the same party that initiated the now dismissed suit. These judgments to be settled are minor and not material to our progress.
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