Annual report pursuant to Section 13 and 15(d)

Note 26 - Subsequent Events

v3.8.0.1
Note 26 - Subsequent Events
12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Subsequent Events [Text Block]
2
6
.
Subsequent Events:
 
 
a.
CRG Litigation and Settlement:
  On
January 16, 2018,
the Company filed an emergency motion to set supersedeas bond and to modify judgment, describing the Texas Court’s oversight of
not
explaining how to apply the
$4.1
million payment, requesting that the judgment be modified to set the supersedeas amount at
$2.9
million so that the Company can stay enforcement of the judgment pending appeal.  The Texas Court refused to rule on this motion, and the court of appeals entered an order compelling the Texas Court to set a supersedeas amount.  The Texas Court has scheduled a hearing on the issue for
March 26, 2018,
however it has
not
yet set the amount, and enforcement of the judgment is stayed until
seven
days after the Texas Court does so.  We currently await further action by the Texas Court.  See Notes
13
and
16.
 
 
b
.
Platinum Litigation:
  An initial pretrial conference was held on
January 26, 2018. 
At the conference the Court stayed the deadline for the Company to answer or otherwise respond to the complaint.  The Court also directed the parties to engage in informal jurisdictional discovery and a follow up status conference was held on
March 9, 2018,
during which the Court set a briefing schedule and determined that Navidea’s motion to dismiss is due on
April 6, 2018. 
The Court also referred the case to a settlement conference, which has been scheduled for
April 30, 2018. 
See Notes
13
and
16.