Austin, Texas – 1.14.08 --- Feazell-Tighe, LLP today announced that a $10.2 million judgment was entered against M&A Technology, Inc., a Carrollton-based computer manufacturer and hosting services provider. The entry of the judgment follows a unanimous verdict returned by a Dallas jury in a lawsuit brought by the Plaintiff, iValue Group, Inc. in November 2002 against M&A Technology. On August 6, 2007 the jury in the 44th District Court of Judge Carlos Cortez returned a $9 million verdict against M&A Technology. On September 10, 2007 Judge Cortez entered the judgment for the $9 million plus $1.2 million in pre-judgment interest. M&A Technology’s motion for a new trial was overruled on November 27, 2007, and was ordered to pay the entire $10.2 million to the plaintiff, iValue Group, Inc.

In the lawsuit, iValue Group alleged that M&A Technology intentionally unplugged iValue Group’s servers, crashing all its websites, and refused to return their servers and other web infrastructure, thereby intentionally destroying the iValue Group’s business. The causes of action in the lawsuit included Breach of Contract, Conversion and Tortuous Interference. After a 2-week trial, the jury unanimously found in favor of iValue Group. Julian Ross, Chairman of iValue Group, Inc. stated: "It has been a long journey, but we are pleased with the outcome of the proceedings. This is a significant step in making whole the 80 stockholders of iValue Group who have been harmed by the actions of M&A Technology.” Said Mr. Vic Feazell, lead attorney for Plaintiff iValue Group: "Our firm spends significant resources seeking justice for victims in cases involving gross corporate malfeasance. We have always believed this case to be an open and shut case, and we are confident the Dallas Court’s judgment will be upheld on appeal."

About Feazell-Tighe, LLP
Feazell-Tighe, LLP is an Austin-based trial law firm focused on Commercial and Business Disputes, Class Action Lawsuits, Sexual Harassment & Discrimination, Whistleblower & False Claims Act Lawsuits, Insurance Litigation and Personal Injury. Founded by alumni of larger firms, Feazell-Tighe, LLP offers the flexible and cooperative atmosphere of a small firm while engaging in a statewide, and in many cases nationwide, practice involving substantial and challenging legal issues more typically associated with larger firms. www.Feazell-Tighe.com

Jury_Verdict_8.06.07.PDF
10.2_Million_Dollar_Judgment_Against_M_and_A_Technology.PDF

No money has been collected yet because the case is on appeal and the Defendant has posted bond.

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