“Peep” is the sound of Main Stream Media regarding Rossi v. Darden. The following is the first mention I’ve seen of the settlement, in Triangle Business News, in an article behind a paywall.
https://www.bizjournals.com/triangle/news/2017/08/03/dispute-between-inventor-and-raleigh-investor-over.html. I have a copy of this article, and provide here some excerpts. Much of the article will be familiar to anyone who has been following the case.
Dispute between inventor and Raleigh investor over nuclear reaction device ends
Aug 3, 2017, 8:36am EDT
“They dropped everything – very interesting,” Cherokee Investment Partners CEO Tom Darden says of the plaintiffs Tuesday. “Right as the case was beginning, they said they’d walk away; we said fine.”
[…] Italian investor Andrea Rossi – who couldn’t be reached to comment for this story – filed a lawsuit in April 2016 against investors Darden and J.T. Vaughn. Their companies, investment firm Cherokee and clean-tech startup Industrial Heat were also named as defendants.
[…] Industrial Heat licensed the technology only to pull out of the agreement when, according to Darden, the device failed to meet performance milestones.
[…] Cecilia Altonaga, a U.S. District Court judge, dismissed the case with prejudice last month after both parties notified the court that they’d reached a settlement a week into the trial.
Details of the settlement weren’t disclosed in the court record.
But Darden and team plan to continue exploring LENR development. Darden says Rossi’s device was just “one of a dozen that we were funding” in the cold fusion space.
I was working from an incomplete copy by accident. There was more. I have redacted to only quote Darden. The article is copyrighted material, here quoted under fair use for purposes of allowing critique.
“There are a couple of them that we’re pretty definitive about not pursuing anymore and that was one of them,” […] “But we still have at least half a dozen we’re still pretty seriously interested in.”
IH intends to keep details confidential until a project has
[…] “very, very, very confirmed success.”
He acknowledges that cold fusion is a difficult area because of how it is viewed by “many scientists.”
“It’s a theoretical problem, which is undeniable,” […] “But it’s important. We think it’s a mission – an important mission and we’re going to try to do the best we can.”
His interest and hopes are to end “coal-generated air pollution.” IH is engaging with researchers who are
[…] “genuinely trying hard and seeking the truth.”
“That’s our goal – to seek the truth [….] Part of it is to prove what doesn’t work.”
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Update. Added more from the article, previously omitted in error.