ST. LOUIS, April 4, 2016 /PRNewswire/ -- On March 31, 2016, the New York Supreme Court,
Appellate Division, ruled against Allied Healthcare Products, Inc.
(NASDAQ: AHPI) ("Allied") in ongoing litigation regarding covenants
which Allied asserts entitle it to free electrical power at its
Stuyvesant Falls production
facility. In doing so, the New York Supreme Court granted
summary judgment to Allied's opponents and reversed an earlier
trial court decision which had ruled in favor of Allied.
Allied is disappointed in this ruling and is evaluating its
options to enforce the free power covenants which have been in
place for over 100 years.
Allied manufactures a variety of respiratory products used in
the healthcare industry in a range of hospital and alternate care
settings including sub-acute facilities, home healthcare and
emergency medical care. Allied product lines include respiratory
care products, medical gas equipment and emergency medical
products. Allied products are marketed to hospitals, hospital
equipment dealers, hospital construction contractors, home
healthcare dealers and emergency medical product dealers.
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SOURCE Allied Healthcare Products, Inc.