Federal agency claims Stirling Products owes $570,000
The Atlantic Canada Opportunities Agency is suing a biotech company that did business in P.E.I., claiming it owes more than $570,000 from different projects.
In an unusual move, ACOA took out an advertisement in The Guardian to give Stirling Products North America Inc. notice of a claim against it.
ACOA filed its statement of claim Oct. 18, 2012, and the courts hadn’t received a response as of Tuesday afternoon.
When a defendant is served with a statement of claim, they have 20 days to respond with a statement of defence or notice of intent to defend.
That period extends to 40 days if they are served in another part of Canada or in the United Stated and 60 days if the defendant is outside Canada or the United States.
The statement of claim filed with the P.E.I. Supreme Court said the company’s registered office was in Charlottetown and its last known business address was in Nova Scotia.
Stirling Products was formerly known as Progressive BioActives Inc.
ACOA claimed Stirling Products owes money from two different projects for which the company failed to make payments in accordance with the terms of their agreement.
According to the statement of claim, ACOA demanded Stirling Products repay the total amount contributed, minus what the agency had already received.
The claim also sought an additional $2,560 plus interest and non-sufficient funds fees along with other costs in unspecified amounts.
None of the allegations have been proven in court.