Pure Cycle Corporation Announces Order Vacating Order Granting Summary Judgment Against High Plains A&M, LLC
April 07 2014 - 4:42PM
Marketwired
Pure Cycle Corporation Announces Order Vacating Order Granting
Summary Judgment Against High Plains A&M, LLC
DENVER, CO--(Marketwired - Apr 7, 2014) - Pure Cycle Corporation
(NASDAQ: PCYO) announces today that the District Court, City and
County of Denver, has vacated the order granting Pure Cycle
Corporation's Motion for Summary Judgment against High Plains
A&M, LLC.
On March 19, 2014, the District Court granted the Company's
Motion for summary judgment against High Plains dismissing all
claims entirely with prejudice. Today the Judge issued an
order vacating that order, stating he intended to grant a motion
filed by the Land Board in its case for an extension of time for
Discovery and Expert Witnesses. The Land Board case is
consolidated with the High Plains case. "We continue to
believe in the merits of both our cases with the Land Board and
High Plains," commented Mark Harding, Pure Cycle's President and
CEO. "Today's ruling, while highly unusual, does not undermine
the Company's confidence in our cases," continued Mr.
Harding. The Motion for Summary Judgment in the High Plains
case is fully briefed and remains at issue.
Company Information
Pure Cycle owns water assets in several river basins in the
State of Colorado as well as certain aquifers in the Denver,
Colorado metropolitan area. Pure Cycle provides water and
wastewater services, including the design, construction, operation
and maintenance of water and wastewater systems, to wholesale
customers, which are local governmental entities who provide water
and wastewater services to their end-use customers located in the
greater Denver metropolitan area. Pure Cycle also owns
approximately16,200 acres in Southeastern Colorado that are leased
to area farmers.
Additional information including our recent press releases and
Annual Reports are available at www.purecyclewater.com, or you may
contact our President, Mark W. Harding, at 303-292-3456 or at
info@purecyclewater.com.
Mark W. Harding President 303-292-3456
info@purecyclewater.com
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