(August 31 – 09:15 ET) – Star Data Systems Inc.will not be proceeding with its motion for an interlocutory injunction against RPM Technologies Corporation. It has discontinued the motion at RPM’s behest, says a Star Data public statement. Instead, the parties to the litigation, including RPM, Fidelity Investments Canada Limited, Fidelity Investments and Star Data, have agreed to adjourn the entire matter to trial, which is expected to be heard in mid-2001.
Star Data announced the commencement of its lawsuit in July.”The termination of the interlocutory injunction application allows us to continue unimpeded with the development and marketing of the e-settlement(TM) system with our partner Fidelity”, said Alan Hutton, Star Data president and CEO in the company’s statement. “We strongly believe that RPM’s claim against Star Data is completely without merit and we will continue to vigorously defend our position in the upcoming trial.”
-IE Staff