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Securities

Sep. 9, 2010

Software Firm Wins Contract Dispute

A U.S. judge slapped an Oregon investment consultant with $1.25 million in damages and prejudgment interest, ruling the company remains locked into a contract to purchase and promote a proprietary software program despite its claims the software was never operational.

By Gabe Friedman

Daily Journal Staff Writer

LOS ANGELES - A U.S. judge slapped an Oregon investment consultant with $1.25 million in damages and prejudgment interest, ruling the company remains locked into a contract to purchase and promote a proprietary software program despite its claims the software was never operational.

The decision by U.S. District Judge Margaret Morrow of the Central District, in a detailed 72-page rulin...

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