Health & Fitness
Tue, February 15, 2011Mon, February 14, 2011Fri, February 11, 2011Thu, February 10, 2011Wed, February 9, 2011Tue, February 8, 2011Mon, February 7, 2011Sun, February 6, 2011Fri, February 4, 2011Thu, February 3, 2011Wed, February 2, 2011Tue, February 1, 2011Mon, January 31, 2011Sun, January 30, 2011Fri, January 28, 2011Thu, January 27, 2011Wed, January 26, 2011Tue, January 25, 2011HearUSA Files Suit Against Siemens
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Published in Health and Fitness on Friday, February 4th 2011 at 10:55 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
WEST PALM BEACH, FL--(Marketwire - February 4, 2011) - HearUSA, Inc. (
"Despite our efforts to avoid litigation, we believe we had no alternative other than to file suit," commented Stephen J. Hansbrough, chairman and chief executive officer. "We recognize that the public statements made by Siemens in its Schedule 13D filing about our relationship and HearUSA's financial condition have been troubling to our stockholders, employees, patients and contracting parties. We are current in our regular payments to Siemens under the supply agreement and credit agreement. We intend to continue to abide by our agreements with Siemens."
"We regret that our long-term partner has chosen these courses of action, forcing us to turn to the courts for resolution of our dispute concerning the 2009 sale of assets. The dispute relates to a special prepayment obligation under the credit agreement which we believe has been satisfied. We will vigorously pursue our rights under the credit agreement," concluded Hansbrough.
About HearUSA
HearUSA, Inc. (
