From the Todos 10-k Todos seeking $1M from BioDiag
Post# of 30066
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Posted On: 03/31/2022 11:36:37 PM
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From the Todos 10-k Todos seeking $1M from BioDiagnostics in NY
A lawsuit has been commenced by Todos against BioDiagnostic Laboratories Inc.(“BioDiagnostics”). in the Supreme Court of New York. We believe that BioDiagnostics owes us approximately $550,000 arising out of unpaid invoices for testing kits sold and delivered. Todos is also seeking repossession of medical equipment valued at approximately $500,000 over which there is presently no dispute that Todos retains sole ownership. Todos terminated its relationship with BioDiagnostics and demanded return of the medical equipment in November 2021. Efforts to settle the dispute amicably were unsuccessful. Todos demanded return of the equipment, and BioDiagnostics failed to comply with that demand. A complaint was filed on February 25, 2022. This dispute is only in its initial legal stages.
A lawsuit has been commenced by Todos against BioDiagnostic Laboratories Inc.(“BioDiagnostics”). in the Supreme Court of New York. We believe that BioDiagnostics owes us approximately $550,000 arising out of unpaid invoices for testing kits sold and delivered. Todos is also seeking repossession of medical equipment valued at approximately $500,000 over which there is presently no dispute that Todos retains sole ownership. Todos terminated its relationship with BioDiagnostics and demanded return of the medical equipment in November 2021. Efforts to settle the dispute amicably were unsuccessful. Todos demanded return of the equipment, and BioDiagnostics failed to comply with that demand. A complaint was filed on February 25, 2022. This dispute is only in its initial legal stages.
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