Court Hearing Update - Feb. 18, 2010

[Guest guest]

Dear Members of Sadh Sangat, Sat Nam and blessings.

The following is an update from the court hearing yesterday. The judge

deferred ruling on the motion to disqualify SDI's counsel. She believed

the record before her was not clear that SDS had authority to remove any

SDI director and the judge acknowledged that S. Guru Amrit Kaur appeared

to have life time appointment. She asked the parties to file additional

briefs on this issue (Defendants by 2/25 and SDI by 7 days from

Defendants' brief or 3/4).

 

Unto Infinity also disclosed that in 2007 it had transferred ownership

of 90% of Golden Temple to a group of individuals including Kartar

Singh, Karam Singh, and a few others who formed Golden Temple

Management, LLC. UI retains only a 10% ownership interest in Golden

Temple. It was subsequently disclosed in a Golden Temple press release

this afternoon that Golden Temple is in the process of negotiating a

sale of the cereal business that will occur in the very near future.

 

The Judge allowed SDI to move forward with the discovery requested

concerning the proposed Golden Temple sale. Golden Temple produced some

documents this afternoon and will be deposed on Monday 2/22. The judge

also is requiring the defendants to produce further documents regarding

the 2007 restructuring of Golden Temple and for attorney Roy

Lambert to give a deposition on 2/23 or 2/24.

 

On 2/25 the judge will hold a hearing on Plaintiffs' soon to be filed

motion seeking to enjoin (stop) the Golden Temple sale. The judge also

moved up the hearing on Defendants' motion to dismiss the entire case

from 4/2 to 3/12/10.

 

We will continue to keep you updated and are grateful for the continued

prayers of the Sangat.

 

 

Blessings,

 

SS Gurujot Kaur Khalsa

 

Secretary General

 

Sikh Dharma International

 

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