Core Insights - Vystar Corporation achieved a significant legal victory against EMA Financial, successfully dismissing a complaint seeking damages exceeding $4,226,187 after four years of litigation [1][2] - The U.S. Court of Appeals for the Second Circuit upheld Vystar's position, rejecting EMA's appeal to reinstate its breach-of-contract claim, and awarded Vystar $497,439.58 in legal fees and costs [1][3] Legal Context - This case marks a precedent as no other issuer had previously succeeded in contesting EMA Financial's breach of contract claims related to convertible notes [2] - Vystar's litigation was led by Barry Bordetsky, whose strategic approach was crucial in this challenging legal battle, likened to a David versus Goliath scenario [3] Acknowledgments - Vystar expressed gratitude to its legal and financial teams, including corporate counsel Michael A. Refolo and accountants from Greenberg, Rosenblatt, Kull & Bitsoli, P.C. for their contributions to the case [4]
Vystar® Reports, Following its First of its Kind Court Victory against EMA Financial, Inc. of $497,439.58 in Legal Fees and Costs Awarded.
Globenewswire·2025-12-22 20:00