Jul. 21 at 11:57 PM
$TXMD court filing update today:
Mayne filed a motion asking the court to pause the lawsuit and send the
$11.5M dispute to a third-party accountant (BDO) based on a clause in their original agreement. TXMD hit back, saying the clause doesn’t apply here — this isn’t a working capital issue, it’s a breach of contract.
Plus, they say Mayne waived that right by negotiating for months. Also, one of Mayne’s lawyers withdrew, but they’re still fully represented. Judge will now decide if the case moves forward or gets paused. 👀⚖️