Zaxis Wireless Communications, Inc. v. Motor Sound Corporation, et al.

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Full Text of Court Cases
May 29, 2001
4812 Radiotelephone Communications
517312 Wireless Telecommunications Carriers (except Satellite)
intellectual property
economic damages & lost profits

Zaxis Wireless Communications, Inc. v. Motor Sound Corporation, et al.
No. C035616 (CA App. 3 Dist. 2001)
US
State Court
California
Court of Appeals
Blease

Summary

The California Court of Appeals considered whether Zaxis had the ability to pay a punitive damages award. The appellate court noted that while Zaxis had a negative net worth for accounting purposes, it had available $19 million cash on hand and a $50 million credit line.
Zaxis Wireless Communications, Inc. v. Motor Sound Corporation, et al.
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See Also

Available Line of Credit Evidences Ability to Pay

The California Court of Appeals considered whether Zaxis had the ability to pay a punitive damages award. The appellate court noted that while Zaxis had a negative net worth for accounting purposes, it had available $19 million cash on hand and a $50 million credit line.