by William Dean, The Dominion Post. It'll be interesting when the ruling on the first suit comes in. Find the latest HEALTHIER CHOICES MANAGEMENT CO (HCMC) stock discussion in Yahoo Finance's forum. In that motion, Phillip Morris says that Healthier Choices Management does not have grounds for its patent infringement lawsuit. HCMC stock is falling today after Phillip Morris filed a motion to dismiss a lawsuit. Hcmc's "patent" was granted in 2018 and seeks to stop Pm from bringing iqos to the usa with Altria. HCMC’s lawsuit includes claims that Phillip Morris is infringing HCMC’s patent rights in connection with IQOS®, an alternative tobacco product marketed and sold by Phillip Morris. Thanks For Watching! If these lawyers can argue that it’s something new and innovative and they have a patent on it then they might win. To me the "Electric Pipe" patent sounds like existing products where you place material in an e-pipe and smoke it. Over the past few months HCMC has begun a historic rise up the charts as the Company pursues its patent infringement lawsuit against Philip Morris USA, Inc. and Philip Morris Products S.A. HCMC regularly trades over $10 million in dollar volume per day and has been under heavy accumulation as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts … HCMC’s lawsuit includes claims that Phillip Morris is infringing HCMC’s patent rights in connection with IQOS^®, an alternative tobacco product marketed and sold by Phillip Morris. As a Canadian using Questrade, I am very interested in converting a little $CAD into $US just to create a position for myself in this company. Outlining the nature of its patent for an electronic, combustion-inducing pipe, Phillip Morris says its IQOS device does not function in the same way. Thanks to @ToddMcMurtry & @LLinWood for their advocacy. The state Attorney General Bob Ferguson announced the settlement in a press release on Monday night, about two weeks before the lawsuit had been scheduled to go to trial against the … Philip Morris claims that it is currently approaching 14 million users of its IQOS® product and has reportedly invested over $3 billion in their smokeless tobacco products. The patent for Healthier Choices recognizes its pipe that employ a method of combusting a material for inhalation, using a pipe with a battery, an electronic module, combustible material reservoir and a heating element. The ITC (3rd party representing the public) has indicated that they see 2 infringements on BAT patents (just opinion), and then the other patent is likely off the table. However, HCMC stock also represents a vape and e-liquids business. Philip Morris claims that it is currently approaching 14 million users of its IQOS® product and has reportedly invested over $3 billion in their smokeless tobacco products. An electronic pipe includes a battery, an electronic module, a combustible material reservoir, and a heating element inside the combustible material reservoir. Because it is sub-pennies? I see no reason to think HCMC has some significant chance of winning a case, maybe just settle out of court? Prior to the lawsuit, XRP had reached a two-year high of nearly $0.7 in late November and early December before it crashed by about 70% to slightly above $0.2 after the lawsuit. HCMC’s lawsuit includes claims that Phillip Morris is infringing HCMC’s patent rights in connection with IQOS ®, an alternative tobacco product marketed and sold by Phillip Morris. So much of the story for HCMC stock right now rests on the lawsuit. It’s not your run of the mill delivery system through some sort of tank or RDA. So what is causing the plunge? Keep a close eye on the proceedings and on how Healthier Choices responds. March 2, 2021. in Cops and Courts. buy $hcmc now? By William White, InvestorPlace Writer Jan 27, 2021, 2:09 pm EST. I wonder how that will affect HCMC's chances? They seem to be on to something with this Tobacco Stick. “HCMC’s lawsuit includes claims that Phillip Morris is infringing HCMC’s patent rights in connection with IQOS®, an alternative tobacco product marketed and sold by Phillip Morris. > Lawsuits can take a long time "Civil court trials take longer and are typically set for trial a year or 18 months after being filed." Now, the more interesting piece of what I found was what HCMC is looking for in their judgement. HCMC is possibly the smallest player in these lawsuits over battery powered tubes that burn things for inhalation. The suit was filed in the U.S. District Court For the Northern District of Georgia and HCMC (the plaintiffs in this action) have retained Cozen O' Connor - an international law firm based in Pennsylvania. I'm not really sure what PM's strategy is to dispute the suit. $lkco & more!i am not a financial advisor! Ripple Says SEC Lawsuit Has Cost XRP Investors $15,000,000,000 in Damages. § 271(a) that Defendants and the manufacture, importation, offer for sale, sale, and/or use of Defendants’ IQOS® product have infringed at least one claim of the ’170 patent; b) Entry of judgment under 35 U.S.C. The only variation in its design is I consequential as it still serves as the heating element. View All Result . Healthier Choices Management Corp (HCMC) is a U.S. based publicly traded company specializing in providing consumers with healthier alternatives to everyday lifestyle choices. Anyway, just thoughts/ramblings, but certainly a little more bullish, and I do mean a little. The whole basis of income is dependent on a lawsuit, right? For many investors, the hope is that Phillip Morris and Healthier Choices will settle the lawsuit in a way that is favorable for the smaller company. One is proceeding before the International Trade Commission and seeks to stop the importation of IQOS into the United States; the other is a patent infringement action currently pending in the Eastern District of Virginia. I just wanted to contribute to this discussion. g) Granting such further relief as the Court deems appropriate. Philip filing an Answer is not one of them, and if anything whats in their first responsive pleading would likely have a negative impact. It’ll be interesting to see it play out. I still have more to do,” he tweeted. If you buy into HSMC, be prepared to hold those shares for quite awhile. What is more interesting to me is combustion. However, a new filing in the case is causing HCMC to take a turn south…. hcmc to $6? We believe this now stabilizes HCMC’s capital structure and will allow us the opportunity to re-create shareholder value,” said Jeff Holman, CEO of HCMC. The pipe transmits an electric current from the battery to the heating element and the heating element is design to initiate a combustion reaction in the combustible material reservoir, at least partially combusting the combustible material for inhalation purposes. Better load up now or miss the train. Wouldn't any device that uses a battery to partially combust material for inhalation? On 2/19/19, I filed $250M defamation lawsuit against Washington Post. > Philip Morris is the world's largest transnational tobacco company Surprise: They've been sued a number of times before. Anyway, if you want to take a look you can find the court submission at the end of this 8k/a: https://www.otcmarkets.com/filing/html?id=14539180&guid=yy5qUq2e-Nigi3h. Sarah Smith is a Web Content Producer with InvestorPlace.com. Find the latest HEALTHIER CHOICES MANAGEMENT CO (HCMC) stock quote, history, news and other vital information to help you with your stock trading and investing. There you go. Check out the heading: Winning a Lawsuit. Meanwhile PM is suing others and being sued by others over the same basic matter, everyone is using battery powered smokers. *Look into HSMC's Financial Highlights, Balance Sheets, other Measures and Statistics, News, and Major Share Holders. News Uganda election: Bobi Wine challenges result in court. These solutions include vitamins and supplements, health and beauty products, and an organic grocery store. We believe this now stabilizes HCMC’s capital structure and will allow us the opportunity to re-create shareholder value,” said Jeff Holman, CEO of HCMC." Philip Morris USA parent Altria Group rejects RJR’s claims and has countersued the company, alleging that RJR’s own electronic nicotine delivery systems products infringe multiple patents owned by Philip Morris International (PMI) and Altria Group. buy these stocks this week! The description sounds silly to me. That lawsuit is against a company that notoriously never paid a dime for over forty years for a product the Surgeon General labeled as cancer causing in the 1960s. Today, I turned 18 & WaPo settled my lawsuit. And most importantly, make sure to do your own research so you understand the risk and reward balance at play with this high-flying equity. Home Latest News Cops and Courts. PM also states that it’s product reduces harmful contaminates associated with combustion by 97%. And what else do you need to know now? HeatSticks) Pictures are included in the above lawsuit, too. As someone who has been vaping and stays fairly up to date on new devices, this definitely looks unique. Yesterday, it filed a motion to dismiss the lawsuit with prejudice in the United States District Court for the northern district of the Georgia Atlantic division. I know Altria is counter-suing BAT, so there's a chance that we see a similar approach against HCMC. Essentially, it looks like Phillip Morris is looking to wash its hands of the lawsuit, and not through a settlement. Basically, HCMC is suing Philip Morris for patent infringement on as they call it "the 170 Patent" which refers to the patent HCMC has on electric pipes, delivery systems, heating coils, etc. HOLLYWOOD, FL, March 02, 2021 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) HCMC has become aware of the creation of … HeatSticks), Philip Morris is the world's largest transnational tobacco company, HCMC Announces Expiration of its Series A Warrants, Meanwhile PM is suing others and being sued by others. Healthier Choices Management reports Q4 results Seeking Alpha - 3/5/2021 5:35:45 PM: Current Report Filing (8-k) Edgar (US Regulatory) - 3/3/2021 4:07:20 PM PAOG - PAO Group, Inc. Positions To Accelerate Growth; Investor Interest Pushes Shares 328% Higher YTD InvestorsHub NewsWire - 2/23/2021 10:21:27 AM: Current Report Filing (8-k) Edgar (US Regulatory) - 2/8/2021 8:04:45 AM Lawsuit over fatal wreck progressing despite indictment. R.J. Reynolds’ patents are unrelated to and unaffiliated with the patents asserted in the HCMC case. I have the same average and haven't sold, please tell me you are still holding. Healthier Choices Management Corp. (HCMC) today announced the filing of its patent infringement lawsuit against Philip Morris USA, Inc. and Philip Morris Products S.A. in connection with their product known and marketed as IQOS®. A $100 million lawsuit against Houston Community College alleges racial discrimination and misuse of grant money, according to court records. Allegedly PM uses their "170 technology" on the IQOS product in some way, shape and form. More posts from the PennyStocksDD community, A community dedicated to posting DD, asking questions, and making money! The lawsuit seems dumb to me, I am no one. On the date of publication, Sarah Smith did not have (either directly or indirectly) any positions in the securities mentioned in this article. § 271(b) that Defendants manufacture, importation, offer for sale, sale, and/or use of Defendants’ IQOS® product actively induces and/or contributes to the infringement of at least one claim of the ’170 patent; c) Ordering Defendants to account and pay damages adequate to compensate Plaintiff for Defendants’ infringement of the ’170 patent, including pre-judgment and post-judgment interest and costs and supplement damages for any continuing post-verdict or post-judgment infringement; d) Ordering an accounting for any infringing sales not presented at trial and an award by the Court of additional damages for any such infringing sales; e) Awarding Healthier Choices its costs and expenses incurred in this Action; f) Granting Healthier Choices such other and further equitable relief which may be requested and to which Healthier Choices is entitled; and. However, the news is not looking too good for HCMC stock today, with shares down 25%. At first, it basically explains what a vaporizer is (like, yeah okay). What does this mean for investors? Healthier Choices Management reports Q4 results Seeking Alpha - 3/5/2021 5:35:45 PM: Current Report Filing (8-k) Edgar (US Regulatory) - 3/3/2021 4:07:20 PM PAOG - PAO Group, Inc. Positions To Accelerate Growth; Investor Interest Pushes Shares 328% Higher YTD InvestorsHub NewsWire - 2/23/2021 10:21:27 AM: Current Report Filing (8-k) Edgar (US Regulatory) - 2/8/2021 8:04:45 AM ), Press J to jump to the feed. > Read the lawsuit here In the lawsuit it explains the '170 Patent. Will keep digging and see what I find, but as of now no numbers seem to be attached for damages, etc... $HCMC currently .001 and going much higer imo. Check out the Philip Morris HEETS (a.k.a. But what makes this different is what they refer to as the IQOS system: " the IQOS® system (the “Accused Infringing Product”) includes three main components: (1) a Tobacco Stick that is “designed to function with the holder”; (2) a Holder into which the Tobacco Stick is inserted and heated; and (3) a Charger that is used to recharge the Holder after each use. " Seems pretty compelling that they might get judgement in their favor, especially because of the law firm they hired. Microsoft and partners may be compensated if you purchase something through recommended links in this article. View real-time stock prices and stock quotes for a full financial overview. Thanks to my family & millions of you who have stood your ground by supporting me. At the heart of the lawsuit are allegations by Healthier Choices that the IQOS product from Phillip Morris violates its patent for an electronic pipe. IQOS is already the subject of two other patent infringement proceedings filed by R.J. Reynolds Tobacco Co (RJ). No Result . For the company, these vaping products represent a healthier alternative to tobacco products. > HCMC Announces Expiration of its Series A Warrants “Essentially, the expiration has allowed HCMC to successfully eliminate all of the remaining Series A warrants issued 5 years ago, and close the book on the challenges these dilutive securities presented. Healthier Choices Management Corp. (OTC Pink: HCMC) HCMC has become aware of the creation of an unauthorized Twitter page claiming it is the official HCMC Twitter page. HCMC’s lawyers claim the 3% is proof that it uses combustion and I’m inclined to agree. =) (We are not claiming to be financial advisors or responsible for your gains/losses. That's not what I'm seeing from the current suit. "- This could explain why HSMC has been a flatline for the last 5 years. Share your opinion and gain insight from other stock traders and investors. HOLLYWOOD, FL, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC)today announced the filing of its patent infringement lawsuit against Philip Morris USA, Inc. and Philip Morris Products S.A. in connection with their product known and marketed as “IQOS®.”The lawsuit was filed in the United States District Court For the Northern District Of Georgia. HOLLYWOOD, FL, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC:HCMC) today announced the filing of its patent infringement lawsuit … Don’t forget to Like and Subscribe so you do not miss out on future videos / hidden gems. HCMC’s lawsuit includes claims that Phillip Morris is infringing HCMC’s patent rights in connection with IQOS®, an alternative tobacco product marketed and sold by Phillip Morris. Press question mark to learn the rest of the keyboard shortcuts. The HCMC and BAT suit are different cases and law isn't an exact science, but I certainly do not subscribe to the idea that this suit drags on for years. Connect with friends faster than ever with the new Facebook app. Been doing some research and here is the gist of the lawsuit. > HCMC Announces Expiration of its Series A Warrants “Essentially, the expiration has allowed HCMC to successfully eliminate all of the remaining Series A warrants issued 5 years ago, and close the book on the challenges these dilutive securities presented. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. They also represent a key reason for the interest in the penny stock. I've been trying to find more information on this matter. Healthier Choices Management News: HCMC Stock Skyrockets Amid Lawsuit Speculation. It's gonna gap up Tuesday. .0035 at the dip today, also anyone have a idea when PM has to respond by?? I know) in motion. *I bet a lot of people own shares @ $0.0001, and quite possibly have been sitting on them for awhile. Back in November 2020, Healthier Choices filed a patent infringement lawsuit against Phillip Morris (NYSE:PM). Here's 12 things for investors to know about the fast-moving company today. Like us on Facebook to see similar stories, Demi Moore Honors Ex Bruce Willis' Wife Emma Heming in Heartfelt Tribute, 'Scared me to death': Watch Jackie Chan's 'Vanguard' Jet Ski stunt that went perilously wrong. Overall, a couple of hours of researching has me feeling a little more confident about HCMC's chances. The court case alleges simply that... PM's "IQOS® system... infringes at least one claim of the.. > How do lawsuits affect stock prices? I like this r/pennystocks comment regarding. patent." lawsuit results? Albeit, I'm unsure if any past lawsuits were because of patent infringements. I got in after doing some DD and seeing your comment, im so fucking happy, How ya feeling? The road ahead could be rocky. View All Result . I've read the patent, it's complete and as advertised in the litigation. It was finalized or granted in 02/2020. Invest at your own risk and research all DD provided here. Albeit, I'm unsure if any past lawsuits were because of patent infringements. Lawsuit DD HCMC vs. PM Patent Infringement. As InvestorPlace contributor William White reported in January 2021, HCMC stock is captivating investors because of an ongoing lawsuit. Show full articles without "Continue Reading" button for {0} hours. The roadmap to Greenland. I took this from their legal submission to the Georgia Courts...take a look: WHEREFORE, Healthier Choices respectfully requests the Court to enter judgment in its favor and grant the following relief: a) Entry of judgment under 35 U.S.C. The lawsuit was filed in the United States District Court For the Northern District Of Georgia. View All Result . Healthier Choices Management (OTCMKTS:HCMC) is a popular penny stock that has rocketed higher and generated a following on investing subreddits. PM claims that its product doesn’t use combustion so therefore it isn’t within the parameters of the patent. To start, Healthier Choices is a Florida-based company that focuses on solutions that help individuals live healthier lives. >Check out the Philip Morris HEETS (a.k.a. I’ve reviewed both patents and can confidently say that it does violate their 170 Patent, almost exactly. Am I missing something import? The lawsuit could likely have a positive impact, particularly if HCMC wins at major stages of the litigation. Today, I turned 18 & WaPo settled my lawsuit. Healthier Choices Management reports Q4 results Seeking Alpha - 3/5/2021 5:35:45 PM: Current Report Filing (8-k) Edgar (US Regulatory) - 3/3/2021 4:07:20 PM PAOG - PAO Group, Inc. Positions To Accelerate Growth; Investor Interest Pushes Shares 328% Higher YTD InvestorsHub NewsWire - 2/23/2021 10:21:27 AM: Current Report Filing (8-k) Edgar (US Regulatory) - 2/8/2021 8:04:45 AM Why are we stoked on this stock? Not as much, sure, but still combustion. In April, British American Tobacco (BAT) sued PMI in the United States and Germany for patent infringement. iQos has been commercialized/released since 2014. there's no valid lawsuit. This will be a dance between $0.0001 and $0.0002 as a number of holders will "just want out." If you are thinking about taking the risk, as I am, then be prepared to hold your shares for the long run. HCMC | Complete Healthier Choices Management Corp. stock news by MarketWatch. The embattled multilevel marketing company LuLaRoe has agreed to pay $4.75 million to settle a lawsuit filed by the state of Washington, which accused the company of engaging in a pyramid scheme.. BAT’s claim focuses on IQOS’ heating blade technology, which the company says is an earlier version of the technology used in BAT’s Glo tobacco heating devices. This calls to question the mechanism by which its IQOS heat-not-burn process works.