HONG KONG, Dec. 6 /CNW/ -- Mass Financial Corp. and its subsidiary
("Mass") announces update with their lawsuit in the Supreme Court of British
Columbia, Canada against Elekta AB, ("Elekta") of Stockholm, Sweden (OMX:
EKTAB) and other for breach of contract and contract interference. In the
lawsuit Mass seeks 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) of VSM Medical. As
stated in Mass' previous press release, we will be updating the public on the
status of the lawsuit.
Elekta and a key employee of Elekta are the currently named defendants in
the case. Both are now represented by a very large and national law firm in
Canada by the name of Borden Ladner Gervais LLP.
Looking at the situation, we are surprised that one law firm is to do the
defense of both defendants as this is usually does not occur. Elekta's legal
counsel has now accepted service of the writ issued on behalf of Mass, and we
are pleased that counsel representing Elekta is in the process of scheduling a
This lawsuit is of utmost importance to all small, growing companies in
any industry. It is about a big company trying to intimidate small companies
and their employees using oppressive tactics. Mass wants to ensure our people
as well as Elekta, they will exercise all legal means possible to block and
expose this uncompetitive conduct. Mass will continue to report Elekta's
As previously stated, Mass has attempted to communicate with Elekta's
management regarding resolution of this matter, but there been no effort on
their part. Such a lawsuit is only necessary against companies when their
management refuses to engage in a professional dialogue. The Board of
Directors of Elekta should review their corporate governance.
A copy of the lawsuit is available for the public review in the Supreme
Court of British Columbia, Canada, the Vancouver, B.C., Clerk of the Courts
office or you may email our office in Hong Kong to receive a copy.
About Elekta AB
Elekta AB is a medical-technology Group, providing clinical solutions,
comprehensive information systems and services for improved cancer care and
the management of brain disorders. See their press release of November 5,
About Mass Financial Corp.
Mass has an office in Hong Kong and with its affiliated companies is
engaged in merchant banking, global investments, trading activities and
medical supply and service.
Contact information: Suite 803, 8/Fl, Dina House
Ruttonjee Centre, 11 Duddell Street
Central, Hong Kong
Tel: (852) 2840-1230 Fax: (852) 2840-1260
Tel: 1 (604) 408-8538 Fax: 1 (604) 683-3205
For further information:
For further information: Mass Financial Corp., +852-2840-1230, Fax,
+852-2840-1260, email@example.com; or Rene Randall, +1-604-408-8538,
Fax, +1-604-683-3205, firstname.lastname@example.org, for Mass Financial Corp.