        5(&200(1'(' )25 )8//7(;7 38%/,&$7,21
             3XUVXDQW WR 6L[WK &LUFXLW 5XOH 

    (/(&7521,& &,7$7,21  )(' $SS 3 WK &LU
                )LOH 1DPH DS




81,7('67$7(6&28572)$33($/6
              )257+(6,;7+&,5&8,7
                BBBBBBBBBBBBBBBBB


 67$1/(< 75=(%8&.2:6.,            ;
 /(&8( ,1&                       
          3ODLQWLIIV$SSHOODQWV 
                                      1R
                                    
            Y                       !
                                    
                                    
 &,7< 2) &/(9(/$1' /$85(1 
 & 0225(                          
         'HIHQGDQWV$SSHOOHHV 
                                    
                                   1
       $SSHDOIURPWKH8QLWHG6WDWHV'LVWULFW&RXUW
      IRUWKH1RUWKHUQ'LVWULFWRI2KLRDW&OHYHODQG
   1Rn/HVOH\%URRNV:HOOV'LVWULFWsXGJH
              $UJXHG6HSWHPEHU
          'HFLGHGDQG)LOHG)HEUXDU\
   %HIRUH*8<6,/(5DQG%$7&+(/'(5&LUFXLW
                      sXGJHV
                  BBBBBBBBBBBBBBBBB
                       &2816(/
$5*8('  7HUU\ + *LOEHUW )5,('0$1 	 *,/%(57
&OHYHODQG2KLRIRU$SSHOODQWV7KRPDV/$QDVWRV&,7<
2) &/(9(/$1' /$: '(3$570(17 2)),&( 2)
',5(&725 2) /$: &OHYHODQG 2KLR IRU $SSHOOHHV

                            
     7U]HEXFNRZVNLHWDOY                      1R
      &LW\RI&OHYHODQGHWDO

21%5,()7HUU\+*LOEHUW)5,('0$1	*,/%(57
&OHYHODQG2KLRIRU$SSHOODQWV.HLWK+DQVEURXJK&,7<
2) &/(9(/$1' /$: '(3$570(17 2)),&( 2)
',5(&7252)/$:&OHYHODQG2KLRIRU$SSHOOHHV
                     BBBBBBBBBBBBBBBBB
                         23,1,21
                     BBBBBBBBBBBBBBBBB
  6,/(5&LUFXLWsXGJH3ODLQWLIIV/H&XH,QFm/H&XHlDQG
6WDQOH\7U]HEXFNRZVNLDSSHDOWKHGLVWULFWFRXUWjVGLVPLVVDORI
WKHLU FRPSODLQW DV EDUUHG E\ WKH DSSOLFDEOH VWDWXWH RI
OLPLWDWLRQV  )RU WKH UHDVRQV WKDW IROORZ ZH$)),50 WKH
GLVWULFWFRXUWjVMXGJPHQW
                      %$&.*5281'
   7U]HEXFNRZVNLZDVWKHVROHVKDUHKROGHUDQGPDQDJHURI
/H&XHDELOOLDUGKDOOORFDWHGLQ&OHYHODQGWKDWGLGQRWVHUYH
DOFRKRO2Q0DUFK7U]HEXFNRZVNLZDVFLWHGZLWK
ILYHYLRODWLRQVRI&OHYHODQG0XQLFLSDO&RGHZKLFK
SURKLELWVDQ\mRZQHURSHUDWRUDJHQWRUNHHSHURIDELOOLDUG
URRPlIURPSHUPLWWLQJPLQRUVXQGHUWKHDJHRIHLJKWHHQWR
UHPDLQRQWKHSUHPLVHV/H&XHDIRUSURILWELOOLDUGKDOOZDV
FLWHGEXWQRQHRIWKHFLW\RSHUDWHGELOOLDUGIDFLOLWLHVZDVFLWHG
IRUYLRODWLQJWKLVRUGLQDQFH
  2QsXQH7U]HEXFNRZVNLILOHGDPRWLRQWRGLVPLVV
WKHFKDUJHVLQWKH&OHYHODQG0XQLFLSDO&RXUWRQWKHJURXQGV
WKDWWKHRUGLQDQFHZDVXQFRQVWLWXWLRQDODVDSSOLHG7KHFRXUW
JUDQWHG7U]HEXFNRZVNLjVPRWLRQWRGLVPLVVRQsXQHEXW
WKH MXGJPHQW HQWU\ RI WKH FRXUW ZDV QRW MRXUQDOL]HG XQWLO
6HSWHPEHU    )RU SXUSRVHV RI WKLV OLWLJDWLRQ WKH
SDUWLHVKDYHDJUHHGWKDW6HSWHPEHUUHIOHFWVWKHGDWH
RIWKHPXQLFLSDOFRXUWGHFLVLRQ
  2Q$XJXVWWKH&LW\RI&OHYHODQGm&LW\lILOHGDQ
DSSHDOIURPWKHGHFLVLRQRIWKHWULDOFRXUWILIWHHQGD\VEHIRUH
WKHFRXUWjVMXGJPHQWZDVMRXUQDOL]HG2Q$XJXVW
1R                        7U]HEXFNRZVNLHWDOY         
                                   &LW\RI&OHYHODQGHWDO

WKH2KLR&RXUWRI$SSHDOVUHYHUVHGWKHOHJDOLQWHUSUHWDWLRQRI
WKH WULDO FRXUW ILQGLQJ WKH RUGLQDQFH WR EH FRQVWLWXWLRQDO
7U]HEXFNRZVNLDSSHDOHGWKHGHFLVLRQWRWKH2KLR6XSUHPH
&RXUW2QsXQHWKH2KLR6XSUHPH&RXUWUHLQVWDWHG
WKH OHJDO LQWHUSUHWDWLRQ RI WKH WULDO FRXUW KROGLQJ WKDW WKH
SURVHFXWRUjVHQIRUFHPHQWRIWKH&OHYHODQGRUGLQDQFHDJDLQVW
SULYDWHO\RZQHGIRUSURILWELOOLDUGURRPVDQGQRWDJDLQVWWKH
FLW\RZQHG SXEOLF UHFUHDWLRQ FHQWHUV YLRODWHG
7U]HEXFNRZVNLjVHTXDOSURWHFWLRQULJKWVJXDUDQWHHGE\WKH
8QLWHG6WDWHVDQG2KLR&RQVWLWXWLRQV
   2Q0D\7U]HEXFNRZVNLILOHGDIHGHUDOFRPSODLQW
DJDLQVWWKH&LW\DQG&KLHI3URVHFXWRU/DXUHQ0RRUHXQGHU
86&IRUDOOHJHGYLRODWLRQVRIYDULRXVIHGHUDODQG
VWDWH ULJKWV LQFOXGLQJ GHQLDO RI GXH SURFHVV DQG HTXDO
SURWHFWLRQRIWKHODZ7U]HEXFNRZVNLFODLPHGWKDWDVDUHVXOW
RIWKHVHOHFWLYHSURVHFXWLRQE\WKH&LW\/H&XHZDVIRUFHGWR
JR RXW RI EXVLQHVV LQ   $V D FRQVHTXHQFH
7U]HEXFNRZVNLVXIIHUHGVXEVWDQWLDOGDPDJHVLQFOXGLQJEXW
QRW OLPLWHG WR ORVV RI HDUQLQJV ORVV RI UHSXWDWLRQ DQG
HPRWLRQDO GLVWUHVV  7KH VXLW ZDV ILOHG LQ WKH &RXUW RI
&RPPRQ3OHDVRI&X\DKRJD&RXQW\EXWLWZDVVXEVHTXHQWO\
UHPRYHGWRWKH8QLWHG6WDWHV'LVWULFW&RXUW
  7KH &LW\ ILOHG D PRWLRQ WR GLVPLVV DUJXLQJ WKDW
7U]HEXFNRZVNL IDLOHG WR ILOH KLV FRPSODLQW ZLWKLQ WKH
DSSOLFDEOH VWDWXWH RI OLPLWDWLRQV SHULRG  7KH GLVWULFW FRXUW
JUDQWHG WKH &LW\jV PRWLRQ ILQGLQJ QR EDVLV WR WROO WKH
DSSOLFDEOHWZR\HDUVWDWXWHRIOLPLWDWLRQV
                  67$1'$5'2)5(9,(:
   :H UHYLHZ GH QRYR D GLVWULFW FRXUWjV RUGHU JUDQWLQJ D
PRWLRQ WR GLVPLVV IRU IDLOXUH WR VWDWH D FODLP XSRQ ZKLFK
UHOLHIFDQEHJUDQWHG%HDPRQY%URZQ)G
WK&LU,QFRQVLGHULQJDPRWLRQWRGLVPLVVSXUVXDQW
WR5XOHEZHPXVWFRQVWUXHWKHFRPSODLQWLQWKHOLJKW
PRVWIDYRUDEOHWRWKHSODLQWLIIDFFHSWDOOZHOOSOHDGHGIDFWXDO
DOOHJDWLRQVDVWUXHDQGGHWHUPLQHZKHWKHUWKHDSSHOODQWFDQ
     7U]HEXFNRZVNLHWDOY                        1R       1R                       7U]HEXFNRZVNLHWDOY        
      &LW\RI&OHYHODQGHWDO                                                                           &LW\RI&OHYHODQGHWDO

SURYH QR VHW RI IDFWV LQ VXSSRUW RI KLV FODLPV WKDW ZRXOG    0F&XQH Y &LW\ RI *UDQG 5DSLGV  )G  WK &LU
HQWLWOHKLPWRUHOLHI1LHPDQY1LOR)G             
WK&LU'LVPLVVDORIWKHFRPSODLQWLVSURSHUmRQO\LI
LWLVFOHDUWKDWQRUHOLHIFRXOGEHJUDQWHGXQGHUDQ\VHWRIIDFWV         7KHZURQJWR7U]HEXFNRZVNLZDVWKHLQLWLDOGLVFULPLQDWRU\
WKDWFRXOGEHSURYHGFRQVLVWHQWZLWKWKHDOOHJDWLRQVl+LVKRQ          SURVHFXWLRQ XQGHU WKH RUGLQDQFH  $IWHU FKDUJHV DJDLQVW
Y.LQJ	6SDOGLQJ86                             7U]HEXFNRZVNL ZHUH GLVPLVVHG WKH &LW\ DSSHDOHG WKH
                                                                        FRQVWLWXWLRQDO LVVXHV LQ WKH FDVH EXW PDGH QR DWWHPSW WR
                         ',6&866,21                                     HQIRUFHWKHRUGLQDQFHDJDLQVWKLP7KHIDFWWKDWKHEHOLHYHG
                                                                        WKHSRVVLELOLW\RIHQIRUFHPHQWH[LVWHGDVDUHVXOWRIWKHVWDWH
   $V D SUHOLPLQDU\ PDWWHU ZH QRWH WKDW 7U]HEXFNRZVNL           DSSHOODWHGHFLVLRQLVWKHLOOHIIHFWRIWKHHDUOLHUYLRODWLRQRIKLV
DSSHDOVWKHGLVPLVVDORIDQHTXDOSURWHFWLRQFODLPXQGHUWKH            ULJKWVQRWDQHZDFWRUYLRODWLRQRIKLVULJKWV(YHQLIWKH
2KLR&RQVWLWXWLRQDQGVWDWHFDXVHVRIDFWLRQIRULQWHQWLRQDO            &LW\jVDFWRIILOLQJWKHDSSHDORQ$XJXVWLVGHHPHG
LQIOLFWLRQ RI HPRWLRQDO GLVWUHVV ORVV RI UHSXWDWLRQ ORVV RI   DQ mDFWl LQ IXUWKHU YLRODWLRQ RI 7U]HEXFNRZVNLjV ULJKWV
OLEHUW\DQGORVVRIHDUQLQJVLQDGGLWLRQWRKLVIHGHUDO         7U]HEXFNRZVNLVWLOOIDLOHGWRILOHZLWKLQWZR\HDUVRIWKDWGDWH
FODLP$FFRUGLQJWRWKHGLVWULFWFRXUWjVRUGHU7U]HEXFNRZVNL          $FFRUGLQJO\KLVFODLPLVWLPHEDUUHG
REMHFWHGRQO\WRWKHPDJLVWUDWHMXGJHjVUHFRPPHQGDWLRQWKDW
WKHHTXDOSURWHFWLRQFODLPEHGLVPLVVHG+HPDGHQR                $)),50('
REMHFWLRQWRWKHGLVPLVVDORIWKHUHPDLQGHURIKLVFODLPV$V
DFRQVHTXHQFHKLVVWDWHODZFODLPVDUHZDLYHGRQDSSHDO
6HH8QLWHG6WDWHVY:DOWHUV)GWK&LU

   $FWLRQVEURXJKWSXUVXDQWWR86&DSSO\WKH
VWDWXWHRIOLPLWDWLRQVIURPDVWDWHjVJHQHUDOSHUVRQDOLQMXU\
VWDWXWH2ZHQVY2NXUH867KH
SDUWLHV DJUHH WKDW D WZR\HDU VWDWXWH RI OLPLWDWLRQV 25&
DSSOLHVWRDFWLRQVEURXJKWXQGHU86&
LQ2KLR6HH%URZQY3HQGOHWRQ)GWK&LU
 SURYLGLQJ D WZR\HDU VWDWXWH RI OLPLWDWLRQV LV
DSSURSULDWHIRUFODLPVLQ2KLR7KHUHIRUHWKHRQO\
TXHVWLRQEHIRUHXVLVZKHQ7U]HEXFNRZVNLjVFDXVHRIDFWLRQ
DFFUXHGXQGHUIHGHUDOODZ
  7KHVWDWXWHRIOLPLWDWLRQVEHJLQVWRUXQmZKHQWKHSODLQWLII
NQRZVRUKDVUHDVRQWRNQRZRIWKHLQMXU\ZKLFKLVWKHEDVLV
RIKLVDFWLRQl6HH.XKQOH%URV,QFY&RXQW\RI*HDXJD
)GWK&LUTXRWLQJ6HYLHUY7XUQHU
)G   WK &LU   ,Q GHWHUPLQLQJ ZKHQ WKH
FDXVHRIDFWLRQDFFUXHVLQFDVHVZHORRNWRWKHHYHQW
     7U]HEXFNRZVNLHWDOY                        1R       1R                        7U]HEXFNRZVNLHWDOY         
      &LW\RI&OHYHODQGHWDO                                                                            &LW\RI&OHYHODQGHWDO

FRXUW  ,G  )ROORZLQJ WKH VXSUHPH FRXUW UXOLQJ WKH ODQG     WKDWVKRXOGKDYHDOHUWHGWKHW\SLFDOOD\SHUVRQWRSURWHFWKLVRU
GHYHORSHUV EURXJKW D  DFWLRQ  ,G  7KH &LW\ ILOHG D    KHUULJKWV6HH'L[RQY$QGHUVRQ)GWK
PRWLRQWRGLVPLVVRQJURXQGVWKDWWKHDSSOLFDEOHVWDWXWHRI             &LU7KH&LW\PDLQWDLQVWKDW7U]HEXFNRZVNLEHFDPH
OLPLWDWLRQVKDGH[SLUHG,GDW7KLVFRXUWUXOHGWKDWE\         DZDUHRIKLVFODLPIRUGLVFULPLQDWRU\HQIRUFHPHQWRQ
VHHNLQJ DQ LQMXQFWLRQ GHIHQGLQJ WKH DSSHDOV RI WKDW             6HSWHPEHU   ZKHQ WKH WULDO FRXUW GLVPLVVHG WKH
LQMXQFWLRQ DQG PDLQWDLQLQJ D VWRS RUGHU DJDLQVW WKH ODQG       FULPLQDO FKDUJHV RQ JURXQGV WKDW WKH RUGLQDQFH ZDV
GHYHORSHUVWKURXJKRXWWKHHQWLUHFRXUVHRIWKHOLWLJDWLRQWKH          XQFRQVWLWXWLRQDO  7U]HEXFNRZVNL FODLPV WKDW WKH WZR\HDU
&LW\HQJDJHGLQFRQWLQXLQJYLRODWLRQVRIWKHODQGGHYHORSHUVj           VWDWXWHRIOLPLWDWLRQVDFFUXHGRQsXQHWKHGDWHWKDW
ULJKWV,GDWm7KHZURQJlWKHFRXUWUHDVRQHGmLV           WKH2KLR6XSUHPH&RXUWUHLQVWDWHGWKHWULDOFRXUWjVMXGJPHQW
WKHWDNLQJRIWKHSODLQWLIIjVSURSHUW\QRWWKHPHWKRGLQZKLFK         DQG KHOG WKH &LW\jV VHOHFWLYH HQIRUFHPHQW WR EH
LWLVWDNHQ7KHZURQJPD\EHSHUSHWXDWHGE\RWKHUZLVHOHJDO            XQFRQVWLWXWLRQDO
DFWLRQV VXFK DV DSSHDOLQJ WKH FRXUW GHFLVLRQ LQ WKLV FDVHl
$FFRUGLQJO\ZHKHOGWKHVWDWXWHRIOLPLWDWLRQVGLGQRWDFFUXH            7U]HEXFNRZVNLDGYDQFHVWZRDUJXPHQWVIRUKLVSRVLWLRQ
XQWLO WKH 0LFKLJDQ 6XSUHPH &RXUW IRXQG WKH RUGLQDQFH             WKDWWKHVWDWXWHRIOLPLWDWLRQVGLGQRWEHJLQWRUXQXQWLOsXQH
XQFRQVWLWXWLRQDO,G                                                 )LUVWZKLOHKHDFNQRZOHGJHVWKDWKHKDGDYDOLG
                                                                        FODLP ZKHQ WKH WULDO FRXUW MRXUQDOL]HG WKH GLVPLVVDO RI WKH
  $OWKRXJKDEURDGUHDGLQJRI*RUGRQVXSHUILFLDOO\VXSSRUWV             FKDUJHVRQ6HSWHPEHUKHFODLPVLWZDVH[WLQJXLVKHG
7U]HEXFNRZVNLjV DUJXPHQW *RUGRQ LV GLVWLQJXLVKDEOH  ,Q          RQFHWKH&LW\GHFLGHGWRDSSHDO6HFRQGKHFRQWHQGVWKDWWKH
*RUGRQWKH&LW\RI:DUUHQPDLQWDLQHGLWVRULJLQDOVWRSRUGHU           &LW\jVFRQWLQXLQJYLRODWLRQRIKLVULJKWVMXVWLILHVWROOLQJWKH
RQFRQVWUXFWLRQWKURXJKRXWWKHHQWLUHDSSHDOVSURFHVV,QVR           DSSOLFDEOHWZR\HDUVWDWXWHRIOLPLWDWLRQV
GRLQJLWHIIHFWLYHO\SUHYHQWHGWKHODQGGHYHORSHUVIURPXVH
RI WKHLU ODQG  1RW RQO\ GLG WKH &LW\ FKRRVH WR SXUVXH DQ      :LWKUHVSHFWWRKLVILUVWDUJXPHQW7U]HEXFNRZVNLDVVHUWV
DSSHDOLWXVHGLWVRZQLQWHUQDOSURFHGXUHVDVWRSRUGHUWR           WKDWLIKHKDGEURXJKWKLVVXLWZLWKLQD\HDURIWKHWULDOFRXUWjV
LQWHUIHUHZLWKWKHGHYHORSHUjVULJKWV,QWKLVFDVHKRZHYHU         UXOLQJ RQ RU EHIRUH 6HSWHPEHU   LW ZRXOG KDYH
WKH&LW\RI&OHYHODQGGLGQRWDWWHPSWWRHQIRUFHWKHRUGLQDQFH          FUHDWHGWKHSRVVLELOLW\RILQFRQVLVWHQWGHFLVLRQVRQWKHVDPH
DJDLQVW7U]HEXFNRZVNLGXULQJWKHDSSHDOVSURFHVV7KHPHUH             LVVXHEHWZHHQWKHVDPHSDUWLHV+HUHDVRQVWKDWEHFDXVHWKH
SRVVLELOLW\ WKDW WKH &LW\ PLJKW FKRRVH WR SURVHFXWH              IHGHUDOFRXUWZRXOGQRWEHDEOHWRUHQGHUDGHFLVLRQZLWKRXW
7U]HEXFNRZVNLVRPHWLPHLQWKHIXWXUHGRHVQRWULVHWRWKH               LPSO\LQJ D UHVROXWLRQ RI WKH VWDWH FDVH KLV FODLP ZDV
OHYHO RI WKH VWRS RUGHU LVVXHG E\ WKH &LW\ RI :DUUHQ LQ      H[WLQJXLVKHGZKHQWKH&LW\ILOHGDQDSSHDO,WZDVQRWXQWLO
*RUGRQ                                                                sXQH   ZKHQ WKH 6XSUHPH &RXUW UHLQVWDWHG WKH
                                                                        MXGJPHQW RI WKH WULDO FRXUW WKDW KH RQFH DJDLQ KDG D YDOLG
  6XEVHTXHQW FDVHV LQ WKLV FLUFXLW DQG RWKHUV KDYH               FODLPXQGHU
GLVWLQJXLVKHG *RUGRQ DQG IXUWKHU GHILQHG WKH VXEWOH
GLIIHUHQFHEHWZHHQDFRQWLQXLQJYLRODWLRQDQGDFRQWLQXLQJ                :HKDYHSUHYLRXVO\KHOGWKDWZKHQWKHRXWFRPHRID
HIIHFW RI D SULRU YLRODWLRQ  7KHVH FDVHV KROG WKDW mWKH      DFWLRQ ZRXOG FRQIOLFW ZLWK WKH YHUGLFW LQ DQ XQGHUO\LQJ
OLPLWDWLRQVSHULRGVEHJLQWRUXQLQUHVSRQVHWRGLVFULPLQDWRU\          FULPLQDOSURFHHGLQJWKHDFFUXDORIWKHVWDWXWHRIOLPLWDWLRQV
DFWVWKHPVHOYHVQRWLQUHVSRQVHWRWKHFRQWLQXLQJHIIHFWVRI           ZLOOEHGHOD\HGEH\RQGWKHWLPHZKHQDSODLQWLIIKDVQRWLFH
SDVWGLVFULPLQDWRU\DFWVl'L[RQ)GDWVHHDOVR           WKDW KLV ULJKWV KDYH EHHQ YLRODWHG  6HH 6KDPDHL]DGHK Y
&RZHOO Y3DOPHU7RZQVKLS)GG&LU                &XQLJDQ  )G  WK &LU  FLWLQJ +HFN Y
     7U]HEXFNRZVNLHWDOY                        1R       1R                       7U]HEXFNRZVNLHWDOY        
      &LW\RI&OHYHODQGHWDO                                                                           &LW\RI&OHYHODQGHWDO

+XPSKUH\  86    ,Q 6KDPDHL]DGHK WKH           YLHZµFRQWLQXLQJYLRODWLRQVjDVIDOOLQJZLWKLQWZRFDWHJRULHV
SODLQWLII EURXJKW D   DFWLRQ VHHNLQJ GDPDJHV DJDLQVW       RIµQDUURZO\OLPLWHGH[FHSWLRQVjWRWKHXVXDOUXOHWKDWVWDWXWHV
VWDWHRIILFLDOVIRUDQLOOHJDOVHDUFKDQGVHL]XUHIROORZLQJWKH         RI OLPLWDWLRQV  DUH WULJJHUHG DW WKH WLPH WKH DOOHJHG
GLVPLVVDORIFULPLQDOFKDUJHV,GDW$WLVVXHLQWKHFDVH       GLVFULPLQDWRU\ DFWV RFFXUUHGl  )G DW   7KH ILUVW
ZDVZKHWKHUWKHVWDWXWHRIOLPLWDWLRQVIRUWKHDFWLRQ            FDWHJRU\RIFRQWLQXLQJYLRODWLRQVPRVWDSSOLFDEOHWRWKLVFDVH
DFFUXHGRQWKHGDWHRIWKHLOOHJDOVHDUFKZKHQ6KDPDHL]DGHK            mDULVHV ZKHUH WKHUH LV VRPH HYLGHQFH RI SUHVHQW
ZDVRQQRWLFHWKDWKLVULJKWVZHUHYLRODWHGRURQWKHGDWHWKDW        GLVFULPLQDWRU\DFWLYLW\JLYLQJULVHWRDFODLPRIDFRQWLQXLQJ
WKLVFRXUWDIILUPHGWKHGLVWULFWFRXUWjVGLVPLVVDORIWKHFKDUJHV       YLRODWLRQl,G7KLVFDWHJRU\UHTXLUHVWKDWDWOHDVWRQHRIWKH
DJDLQVW KLP  ,G  :H KHOG WKDW WKH VWDWXWH RI OLPLWDWLRQV   IRUELGGHQ GLVFULPLQDWRU\ DFWV RFFXUV ZLWKLQ WKH UHOHYDQW
DFFUXHG RQ WKH GDWH WKDW WKH FKDUJHV ZHUH GLVPLVVHG            OLPLWDWLRQV SHULRG  7KH VHFRQG FDWHJRU\ RI FRQWLQXLQJ
UHDVRQLQJ WKDW  mVLQFH  WKH RQO\ HYLGHQFH WKDW ZDV          YLRODWLRQVDULVHVZKHUHWKHUHmKDVRFFXUUHGµDORQJVWDQGLQJ
LQWURGXFHG DJDLQVW 6KDPDHL]DGHK DW WULDO ZDV WKH HYLGHQFH        DQGGHPRQVWUDEOHSROLF\RIGLVFULPLQDWLRQjl,GDW
GLVFRYHUHG LQ 6KDPDHL]DGHKjV KRXVH GXULQJ WKH DOOHJHGO\
LOOHJDO VHDUFK LW ZRXOG QRW KDYH EHHQ SRVVLEOH ZKLOH WKH       7U]HEXFNRZVNLDOOHJHVWKDWWKH&LW\jVGHFLVLRQWRDSSHDOWKH
FULPLQDOSURFHHGLQJVZHUHSHQGLQJWRGHWHUPLQHZKHWKHUD               MXGJPHQW RI WKH WULDO FRXUW SUHYHQWHG KLP IURP DGPLWWLQJ
GHFLVLRQRQ6KDPDHL]DGHKjVFODLPZRXOGLPSO\WKHLQYDOLGLW\             PLQRUVWRKLVELOOLDUGKDOOFDXVLQJVLJQLILFDQWHFRQRPLFORVV
RIKLVSRWHQWLDOFRQYLFWLRQZLWKRXWGHFLGLQJLVVXHVFRPPRQ              DQGWKHXOWLPDWHFORVLQJRIKLVEXVLQHVV7KHGHFLVLRQRIWKH
WRWKHFULPLQDODFWLRQLHZKHWKHUWKHVHDUFKZDVODZIXOl           DSSHDOV FRXUW KH FRQWHQGV IRUFHG KLP WR FKRRVH EHWZHHQ
,GDW,QRWKHUZRUGVEHFDXVHDSODLQWLIIPXVW             GHFOLQLQJWRDGPLWPLQRUVRUULVNLQJWKHSRVVLELOLW\RIIXWXUH
VKRZWKDWDGHFLVLRQLQKLVIDYRUZLOOQRWLPSO\WKHLQYDOLGLW\         FKDUJHV  ,Q RWKHU ZRUGV WKH &LW\jV GHFLVLRQ WR DSSHDO
RIDQXQGHUO\LQJFKDUJHRUFRQYLFWLRQ6KDPDHL]DGHKFRXOG               SUHYHQWHG KLP IURP mIXOO XVHl RI KLV ELOOLDUG KDOO DQG
QRWKDYHULJKWIXOO\EURXJKWKLVFODLPDWDQ\WLPHSULRU          WKHUHIRUH FRQVWLWXWHV D FRQWLQXLQJ YLRODWLRQ RI KLV ULJKWV
WRRXUGHFLVLRQWRDIILUPWKHGLVPLVVDORIWKHFKDUJHVDJDLQVW          UHTXLULQJHTXLWDEOHWROOLQJRIWKHVWDWXWHRIOLPLWDWLRQV
KLP,G
                                                                           7RVXSSRUWKLVFODLP7U]HEXFNRZVNLDUJXHVWKDW*RUGRQ
   7U]HEXFNRZVNL GRHV QRW IDFH WKH VDPH SUHGLFDPHQW               Y&LW\RI:DUUHQ)GWK&LULVGLVSRVLWLYH
GLVFXVVHGLQ6KDPDHL]DGHK7KHFKDUJHVDJDLQVWKLPZHUH                RI WKLV FDVH  ,Q *RUGRQ ODQG GHYHORSHUV FKDOOHQJHG WKH
GLVPLVVHGE\WKHPXQLFLSDOFRXUW7KHUHZDVQRXQGHUO\LQJ              FRQVWLWXWLRQDOLW\ RI D ORFDO RUGLQDQFH ZKLFK SURKLELWHG WKH
FULPLQDOSURFHHGLQJGXULQJWKHFRXUVHRIWKHVWDWHDSSHOODWH            HUHFWLRQRIDQ\EXLOGLQJZLWKLQIHHWRIDSURSRVHGULJKW
OLWLJDWLRQWKDWFRXOGKDYHFDXVHGWKHIHGHUDOFRXUWWRUHQGHUD         RIZD\  ,G DW   8SRQ GLVFRYHULQJ WKDW WKH GHYHORSHUV
GHFLVLRQLQWKHDFWLRQLQFRQIOLFWZLWKILQGLQJVLQD            ZHUHLQYLRODWLRQRIWKLVRUGLQDQFHWKH&LW\RI:DUUHQLVVXHG
SHQGLQJFULPLQDOPDWWHU7KHUHIRUHWKHVWDWXWHRIOLPLWDWLRQV         DVWRSRUGHURQWKHGHYHORSPHQWDQGGHPDQGHGWKHSDUWLDOO\
RQ7U]HEXFNRZVNLjVFODLPEHJDQWRUXQRQ6HSWHPEHU               FRQVWUXFWHG EXLOGLQJV EH GLVPDQWOHG  :KHQ LW EHFDPH
WKHGDWHWKHPXQLFLSDOFRXUWGLVPLVVHGWKHFKDUJHV            DSSDUHQWWKDWWKHGHYHORSHUVZHUHQRWJRLQJWRFRPSO\ZLWK
DJDLQVWKLP                                                            WKHVWRSRUGHUWKH&LW\REWDLQHGDQLQMXQFWLRQGLUHFWLQJWKH
                                                                        UHPRYDORIWKHEXLOGLQJV,G7KHGHYHORSHUVODWHUDSSHDOHG
  7U]HEXFNRZVNLjV VHFRQG DUJXPHQW UHVWV RQ D WKHRU\ RI           WR WKH 0LFKLJDQ &RXUW RI $SSHDOV ZKLFK UXOHG WKDW WKH
mFRQWLQXLQJYLRODWLRQVlRIKLVULJKWVZKLFKUHTXLUHVWROOLQJRI        RUGLQDQFHZDVDQXQFRQVWLWXWLRQDOWDNLQJ,G7KH0LFKLJDQ
WKH OLPLWDWLRQV SHULRG  $V ZH H[SODLQHG LQ'L[RQ mFRXUWV      6XSUHPH&RXUWXOWLPDWHO\DIILUPHGWKHGHFLVLRQRIWKHDSSHDOV
