Thursday, December 02, 2010

Penny Stocks, DIGA Wins Case

In a unanimous jury verdict DIGA win case brought by former CEO Michael Krawitz.  The jury declined to make an award in the case.

“We are pleased to be able to put this baseless lawsuit behind us,” commented Digital Angel CEO Joseph J. Grillo. “This case, along with other legacy issues inherited from prior management, has been an enormous drain on current management’s time and resources and we are gratified that the jury found the lawsuit’s claims to be without merit by granting the Company an unqualified victory in the matter. This will be one less distraction for us as we continue to focus on improving the operational and financial performance of the Company.”

Always consult a registered investment advisor before making an investment. Penny stocks are very risky and can result in entire loss of investment.

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