Dana Point, CA – Mercury Cable & Energy, Inc. (“Mercury Cable”), the leading developer of High Voltage Composite Reinforced Conductors (“HVCRC”) for electrical transmission lines, is pleased to announce the U.S. District Court has (1) barred CTC Global (the successor to twice bankrupt CTC Cable) from substituting as plaintiff for CTC Cable and (2) denied CTC’s Motion to lift the stay.
In its Order, the Court stated: “Before the Court is a Motion for Relief From Stay and to Substitute CTC Global in as Plaintiff filed by CTC CABLE CORPORATION (“Plaintiff”) (Dkt. 236). After reviewing the motion, opposition, and reply, the Court DENIES Plaintiff’s Motion.
On June 23, 2011 this Court ordered this case “stayed in its entirety pending resolution of [Plaintiff’s] bankruptcy proceedings.” (Dkt. 222). Plaintiff’s bankruptcy proceedings are still ongoing; therefore, the case shall remain stayed in its entirety. Moreover, as both parties explain, substitution of a party under Federal Rule of Civil Procedure 25(c) is discretionary with this Court. See Otis Clapp & Son, Inc. v. Filmore Vitamin Co., 754 F.2d 738, 743 (7th Cir. 1985). Given Defendant Mercury Cable & Energy, LLC’s pending Motion to Disqualify Plaintiff’s Counsel (Dkt. 199) this Court declines to allow CTC Global Corporation to substitute in as plaintiff in this case.”
Mercury Cable’s legal counsel is now investigating claims against CTC Global for Tortious Interference and Inequitable Conduct for an in determinant amount of damages.
A complete copy of the Courts order may be viewed on the PACER system for accessing Federal Court documents at www.pacer.gov (Case No. SACV09-0261 DOC (MLGX)
Mercury Cable & Energy is a privately held developer of High Voltage Composite Reinforced Conductors (HVCRC), Smart Conductors for the Smart Grid. The patented HVCRC Smart Conductor is superior to existing conductors in a number of key performance areas including:
- Up to double the current carrying capacity of ACSR
- Substantially reduces high temperature sag
- Requires fewer structures for new line construction
- Increases capacity of existing rights of way and structures through retrofitting
- Eliminates bimetallic corrosion
- Significantly reduces line losses compared to same diameter conventional and composite conductors at equal operating temperatures
For additional information please visit our web site at www.mercurycable.com.
Mercury Cable & Energy