The following comes from Robert Brower:
Walter Ng filed for Chapter 11 bankruptcy protectionon Thursday afternoon. Just before Friday’s hearing,I filed a dismissal of Walter Ng, without prejudice.This removed Walter Ng from the case and preservedthe McGuire’s rights to go after Walter in bankruptcycourt.The Judge ruled that the case will proceed withDr. Horwitz as the only defendant. Yesterday,the parties completed most of the pre-trial motionsand received all of the Court’s pre-trial orders.There were about 8 investors there to watch theproceeding.We will trail another case and when it finishesgo directly to jury selection and trial. If the first casedoes not settle during trial, we expect to go to trialMay 24 or May 25.We report back to Court on Friday, May 20 at 9:00 amfor a status report and further pre-trial hearing.
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