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MTVX APT Moto Vox Group Inc (CE)

0.000001
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
APT Moto Vox Group Inc (CE) USOTC:MTVX OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

APT MotoVox Group, Inc. Files Patent Infringement Lawsuit Against Monster Moto; Seeks Preliminary Injunction

15/07/2014 3:14pm

PR Newswire (US)


APT Moto Vox (CE) (USOTC:MTVX)
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KANSAS CITY, Mo., July 15, 2014 /PRNewswire/ -- APT MotoVox Group, Inc. ("MotoVox"), announced that it filed a motion yesterday for a preliminary injunction against Monster Moto and former employees of MotoVox in the United States District Court for the Western District of Missouri. 

APT MotoVox Group is requesting that the Court enter a Preliminary Injunction to enjoin Monster Moto, LLC, Olen Rice, Robert A. Rice, Sr., Jon Umsted, and Kenneth Francis ("Defendants") from (1) ongoing infringement of design patents; (2) misappropriation of trade secrets; (3) breach of contract; and (4) tortious interference with business expectations. 

APT Group seeks the requested injunction to (1) preclude Defendants from making any further sales of patent Infringing Products, (2) order Defendants to contact Monster Moto's retail customers and instruct them to stop their sales and return all Infringing Products to Monster Moto, (3) order Defendants to stop all advertising, including all Internet advertising, that depict, promote, or otherwise mention the above-listed Infringing Products; (4) order Defendants to refrain from using any of MotoVox's trade secrets in the design or manufacture of any Infringing Products or for any purpose whatever; (5) order Defendants to comply with their contractual obligations set forth in their Service and Employment Agreements; and (6) order Defendants to refrain from making contact with any of MotoVox's existing retail customers, with respect to advertising or selling any Infringing Products. 

"MotoVox will not stand by another minute and allow this injustice to continue," said Wayne Patterson, CEO of APT MotoVox Group, Inc.  "We are absolute in our resolution to vigorously defend and protect our intellectual property.  We will fight this battle to the end because we have worked so hard to make the best products in the marketplace.  Our customers, employees and shareholders deserve nothing less." 

The lawsuit filed earlier this month, APT Group, Inc. d/b/a MotoVox and APT IP Holdings, LLC v. Monster Moto, LLC, Olen Rice, Robert A. Rice, Sr., Jon Umsted, Kenneth Francis, and Beck Salander, contends that former employees of or consultants to APT Group left the Company to work for or otherwise assist Monster Moto to manufacture and sell minibikes identical in nearly all respects to MotoVox products by disclosing trade secrets and confidential information learned through their association with MotoVox, breaching contracts with MotoVox, and breaching fiduciary duties to MotoVox as equity holders. 

About APT MotoVox Group, Inc.

APT MotoVox Group, Inc. (OTC BB: MTVX) is a Delaware registered corporation headquartered in Kansas City and is the holding company for the MotoVox® motorsport product line, SmartCarb® patented fuel system, and the Sonic Flow small engine technology lines (http://www.motovox.com/, and http://www.powerapt.com/).

Contact

William Maher, SVP
APT Group, Inc,
InvRel@motovox.com

Paul Knopick
E & E Communications
940.262.3584
pknopick@eandecommunications.com

SOURCE APT MotoVox Group, Inc.

Copyright 2014 PR Newswire

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