Tautachrome Inc.’s former subsidiary, BH Trucking, Inc., Wins Motion to Set Aside Judgment
01 September 2017 - 2:38PM
Tautachrome, Inc. (OTCQB:TTCM) today announced that on Wednesday
this week the Honorable Cynthia T. Kuhn of the Arizona Superior
Court, Pima County, ruled in favor of BH Trucking, Inc., granting
its motion to SET ASIDE the December 15, 2016 judgment that awarded
$2,377,915 plus interest to former consultant Richard Morgan.
In its ruling, the Court found that Richard Morgan’s omission of
the Share Exchange Agreement between BH Trucking Inc. (formerly
known as Click Evidence, Inc.) and Tautachrome, Inc. (formerly
known as Roadships Holdings, Inc.) during the default damages
hearing of December 15, 2016 was highly material to a fair
determination of damages.
The Court also found that the Share Exchange Agreement was
signed by Morgan, and that the Agreement included an express
provision addressing BH Trucking’s lack of obligation to pay the
exact type of finder’s fee sought by Morgan. Judge Kuhn ordered a
new evidentiary hearing on damages for 10/25/17.
In a separate proceeding before the Court, Richard Morgan had
been seeking to enforce against Tautachrome, Inc. the December 15,
2016 default judgment he had obtained against BH Trucking, Inc.
That proceeding has been stayed pending the outcome of the
evidentiary hearing.
With the December 15, 2016 judgment having been aside by the
Court, the Company will remove the associated $2,377,915 charge
(plus interest) against its financials.
CEO Dr. Jon N. Leonard stated today “The Company was not the
target of the Morgan vs BH Trucking litigation that resulted in the
now overturned $2,377,915 judgment to Morgan. However, out of an
abundance of caution we charged the judgment to our financials. It
is a relief, as a result of the Court’s ruling to set aside the
judgment, to have this charge to financials removed.”
About Tautachrome
Tautachrome, Inc. (OTCQB:TTCM) is an emerging growth company in
the developing digital imagery technology sector. Tautachrome is an
Internet technology development company. Tautachrome has
revolutionary issued patent claims and three patents pending,
including Talk-to-the-Picture social networking and trustable
imagery-based interactions.
Safe Harbor Statement Statements made in this press release are
forward-looking and are made pursuant to the safe harbor provisions
of the Securities Litigation Reform Act of 1995. Risk factors that
could cause actual results to differ materially from those
projected in forward-looking statements include, but are not
limited to, general business conditions, managing growth, and
political and other business risks. All forward-looking statements
are expressly qualified in their entirety by this paragraph and the
risks and other factors detailed in Tautachrome's reports filed
with the Securities and Exchange Commission. Tautachrome undertakes
no duty to update these forward-looking statements.
Contact: Tautachrome, Inc.
Tel: +1 520 318 5578
Web: www.tautachrome.com
Investor relations: investor@tautachrome.com
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