Navigation Links
Mass Financial Corp. Launches Lawsuit Against Elekta AB, Seeks Substantial Damages
Date:11/5/2007

HONG KONG, Nov. 5 /PRNewswire/ -- Mass Financial Corp. ("MASS") Hong Kong announced today that it has filed a lawsuit in the Supreme Court of British Columbia, Canada against Elekta AB, ("Elekta") Stockholm, Sweden and other for breach of contract and contract interference. In the lawsuit we seek injunctive relief and substantial damages.

Michael Smith, President of MASS said the lawsuit involves our proprietary magneto-encephalography "MEG" technologies, (a medical imaging device used for neurological research and diagnostics). "What is very shocking is that Elekta has complained about Chinese companies that have copied Elekta's technology and used it without authority in China and in the international markets," said Mr. Smith. "Why are they now doing the same with our subsidiary? We understand their MEG technology is inferior to our VSM/C.T.F. System technology and wish to put on notice that any hospitals or persons who have or will in the future conspire with Elekta to the detriment of MASS will be included in the lawsuit."

Elekta has stated that its MEG device has never generated a profit and that Elekta would like to liquidate the division but fears that such an admission of failure would negatively affect their stock market price.

Michael Smith continued, this lawsuit is of utmost importance to all small, growing companies in any industry. It is really about a big company trying to intimidate a small company, while using very oppressive tactics. I want to ensure our people as well as Elekta, we will exercise all legal means at our disposal to block and expose this uncompetitive conduct. MASS will continuously report to the public Elekta's ongoing behaviour.

Michael Smith continued, with our lawsuit it should be noted we have tried to communicate with Elekta. Such a lawsuit is only necessary against companies when their management refuse to engage in a professional dialogue and when there is no corporate governance practiced by its Board of Directors.

About MASS

MASS has an office in Hong Kong and with its affiliated companies is engaged in global investments, merchant banking, trading activities and medical supply and service.

About Elekta

Elekta is a medical-technology Group, providing clinical solutions, comprehensive information systems and services for improved cancer care and the management of brain disorders.

Contact information: Suite 803, 8/Fl, Dina House

Ruttonjee Centre

11 Duddell Street

Central, Hong Kong

Tel: (852) 2840-1230

Fax: (852) 2840-1260

Email: mfc@massfinancialcorp.hk

Rene Randall

Tel: 1 (604) 408-8538

Fax: 1 (604) 683-3205

Email: rrandall@bmgmt.com


'/>"/>
SOURCE Mass Financial Corp.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. WorldHeart Appoints David Pellone Chief Financial Officer
2. Align Technology Executive to Present at Upcoming Financial Conferences
3. Somanetics Corporation to Release Third Quarter 2007 Financial Results and Host Conference Call September 19
4. Martek Announces Third Quarter 2007 Financial Results
5. Retired NYPD Lieutenants William E. Keegan, Jr., Owen McCaffery and John Moran and Tom Thees, a former COO in the financial industry, announce today the formation of H.E.A.R.T (Healing Emergency Aid Response Team) 911.
6. Presidential Candidates Address Health, Financial Security at AARPs Life@50+
7. VNUS Medical Technologies Announces Resignation of Chief Financial Officer and VP, Finance & Administration
8. NMHC Reports Fourth Quarter and Fiscal Year 2007 Financial Results
9. Transition Therapeutics Announces Fiscal 2007 Year End Financial Results
10. Peoples United Financial CEO Has Surgery
11. Assured Pharmacy Retains Empire Financial Group
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... ... Quality metrics are proliferating in cancer care, and are derived from many ... the beholder, according to experts who offered insights and commentary in the current issue ... the full issue, click here . , For the American Society of Clinical ...
(Date:6/26/2016)... Aliso Viejo, California (PRWEB) , ... June 26, 2016 , ... ... for Final Cut Pro X. , "Film editors can give their videos a whole ... artistically," said Christina Austin - CEO of Pixel Film Studios. , ProSlice Levels ...
(Date:6/26/2016)... ... June 26, 2016 , ... Brent Kasmer, a legally blind and certified personal trainer is helping ... fitness app. The fitness app plans to fix the two major problems leading the fitness ... size fits all type program , They don’t eliminate all the reasons people ...
(Date:6/25/2016)... ... 25, 2016 , ... Experts from the American Institutes for ... Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. , AIR ... care planning, healthcare costs and patient and family engagement. , AIR researchers will ...
(Date:6/25/2016)... ... 25, 2016 , ... The temporary closing of Bruton Memorial Library on June 21 due to ... a new, often overlooked aspect of head lice: the parasite’s ability to live away from ... common occurrence, but a necessary one in the event that lice have simply gotten out ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... June 23, 2016 Bracket , a leading ... next generation clinical outcomes platform, Bracket eCOA (SM) 6.0, ... June 26 – 30, 2016 in Philadelphia ... Clinical Outcome Assessment product of its kind to fully integrate ... Bracket eCOA 6.0 is a flexible platform for electronic ...
(Date:6/23/2016)... and INDIANAPOLIS , June ... receiving a Lilly Diabetes Tomorrow,s Leaders Scholarship is any ... scholarship winners, announced today online at www.diabetesscholars.org ... type 1 diabetes stand in the way of academic ... supported the Foundation,s scholarship program since 2012, and continues ...
(Date:6/23/2016)... June 23, 2016 Revolutionary technology ... Oticon , industry leaders in advanced audiology and ... Oticon Opn ™, the world,s first internet connected ... for IoT devices.      (Photo: http://photos.prnewswire.com/prnh/20160622/382240 ... a number of ,world firsts,: , TwinLink™ ...
Breaking Medicine Technology: