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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
Worcester, MA, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Vystar® Corporation (OTCQB: VYST) Vystar® is proud to report; Following its first of its kind court victory on behalf of Vystar Corp. (“Vystar”) against EMA Financial, Inc. (“EMA”), successfully having moving after four years of litigation to have dismissed EMA’s complaint against Vystar seeking damages “in excess of $4,226,187”. Vystar’s attorney, The Law Offices of Barry M. Bordetsky not only prevailed in defeating EMA’s appeal before the U.S. Court of Appe ...
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
Worcester, MA, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Vystar® Corporation (OTCQB: VYST) Vystar® is proud to report; Following its first of its kind court victory on behalf of Vystar Corp. (“Vystar”) against EMA Financial, Inc. (“EMA”), successfully having moving after four years of litigation to have dismissed EMA’s complaint against Vystar seeking damages “in excess of $4,226,187”. Vystar’s attorney, The Law Offices of Barry M. Bordetsky not only prevailed in defeating EMA’s appeal before the U.S. Court of Appe ...
Second Circuit Affirms Dismissal of Complaint Against Vystar In the Case Of EMA Financial LLC v. Vystar Corp.
GlobeNewswire News Room· 2025-07-21 17:12
Core Insights - Vystar Corporation achieved a significant legal victory in the case against EMA Financial, with the New York federal district court denying EMA's claim for $4,226,187 related to a toxic convertible note issue [1][2] - The Second Circuit Court upheld the district court's decision, sending the case back for a determination of legal fees to be awarded to Vystar, which has accrued approximately $1 million in legal fees since 2018 [3] Legal Proceedings - The initial ruling by the district court dismissed EMA Financial's complaint and awarded Vystar legal fees, although it did not grant Vystar's counterclaim for damages [1][2] - Both parties appealed the district court's decision, with EMA seeking to reverse the dismissal and Vystar cross-appealing to reverse the denial of its counterclaims [2] Company Background - Vystar Corporation, based in Worcester, Massachusetts, is known for its RxAir® UV light air purification products and Vytex® Natural Rubber Latex, which is a patented, environmentally safe material used in various consumer and medical products [5]