The Augmented Reality Meta start-up's story seemed to be over, but new developments are developing in real time, either pushing Meta deeper into trouble or giving the besieged augmented reality company a lengthy lifeline. On Thursday, the judge overseeing the patent infringement case between Genedics, LLC and Meta issued a new verdict, and this may have had significant consequences.
As we reported on Wednesday, Meta's massive attorney withdrew from the case in November. The judge ordered Meta to find a new lawyer to continue the case. An update on the legal status of Meta was expected in the first days of January.
Instead of setting up a new legal team for Meta, Genedics shared a memo with the court, in which Meta's CFO John Sines claimed that Meta just did not have the resources to hire a lawyer or submit a settlement offer to Genedics.
Now the judge in this case, Judge Christopher J. Burke, Meta has made available to court until January 24 court with a legal representation in his name or a default judgment against the company. Translation: If Meta does not set up a new legal team by the judge's date, they could automatically lose the case brought forward by Genedics.
And since it's in The court's new lawsuit states: "A corporation can not take part in this dispute without a legal counsel," seems Meta's financial problems. It is not enough to somehow stop the legal process.
Meanwhile, Meta's founder has told some that the company is not finished yet.
After traveling to Singapore for unknown reasons in recent weeks When Meron Gribetz, founder and CEO of Meta, returned to CES, he seemed to be in good spirits when he was photographed when he took out the new Nreal Light. Headset tried.
According to a spokesman who communicates on behalf of Meta, Gribetz is working to raise new funds to bring meta back from the threshold. And if that succeeds, Meta may get a notice the next week.
Nevertheless, it is unclear how new funds would repair the situation of Meta, as the CFO has announced that this would be remedies as a secured lender with priority and foreclosure and sold all assets to a third party within the framework a UCC Foreclosure at a value below the outstanding loan amount, and Meta Company is insolvent .
We then dug a bit more and also found" meta-canada.myshopify.com ", which also offers the AR device for sale, presumably from a Canadian one Branch of the Company When Next Reality contacted Meta's spokesman, the representative confirmed that the Meta EU Shopify store is not related to Meta.
The time of the appearance of d he stores is also odd. A search for previous versions of the sites on Archive.org shows that the Canadian version appeared on September 29, 2018, immediately after Meta's holiday on September 10, and the EU version of the store on January 10. One day after Next Reality released its earlier meta-story on January 9th.
We then called a number of contacts on Shopify and asked by email why the allegedly unauthorized shops were allowed to accept credit card purchases for the device (a fact that we confirm through the process except for the final payment). No legal, media, support or top staff at Shopify has responded to our direct requests for information.
Does anyone have an unauthorized operation to sell Meta-2 devices through Shopify? Or is something else? Until Shopify or another party gives more answers, we can not be sure.
As for the fate of Meta, it is clear that Gribetz believes the company's history is not over yet. But whether the next week provides new information or not, the patent court judge has guaranteed that we will know more by the end of this month.