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]

Core Insights - Vystar Corporation achieved a significant legal victory against EMA Financial, successfully dismissing EMA's complaint for 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 Vystar was awarded $497,439.58 in legal fees and costs [1][3] Legal Context - This case marks a precedent as no other issuer has 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 [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]

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]