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UpHealth Holdings, Inc. Wins Ruling in Calcutta High Court, Mandating All Glocal Healthcare Respondents Submit Affidavits of Assets

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UpHealth (OTC: UPHL), a behavioral health solutions provider, announced a key legal victory on May 21, 2024, in the Calcutta High Court. The court dismissed Glocal Healthcare Systems' plea for confidentiality, mandating that they submit detailed affidavits of their assets and liabilities. This ruling reinforces a $110 million award issued by the International Court of Arbitration. UpHealth is currently reviewing these affidavits to enforce the award. CEO Martin Beck stated that this decision supports international arbitration integrity and encourages foreign investment in India.

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Calcutta High Court rules in favour of UpHealth Holdings, Inc., and vigorously reinforces the ICC International Court of Arbitration previous $110 million award against Glocal directors and other Respondents, calling their conduct “dishonest and fraudulent”

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UpHealth Holdings Takes Steps to Enforce the International Court of Arbitration’s Final Award to UpHealth Holdings of more than $110 Million in Damages in Breach of Contract Lawsuit Involving the 2020 Purchase by UpHealth of Glocal Healthcare Systems

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UpHealth Provides Corporate Update and Announces Fourth Quarter and Full Year 2023 Financial Results

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FAQ

What is the current stock price of UpHealth (UPHL)?

UpHealth (UPHL) last closed at $0.0001.

What is the market cap of UpHealth (UPHL)?

The market cap of UpHealth (UPHL) is approximately $1.9K.