I am not a lawyer. However, I believe at this moment Rossi has a duly executed license agreement with IH. He cannot unilaterally cancel that after money has changed hands. Pragmatically he could not even give the $11.5M back and take back his license unless IH accepted that deal with other signed documents. The courts will decide (eventually) to whom the license belongs. In the mean time, Rossi could be inviting himself back to jail by offering the license to anyone else.
It seems to me that selling something you don't own is the very definition of fraud. On Fri, Jul 1, 2016 at 2:47 PM, Craig Haynie <cchayniepub...@gmail.com> wrote: > No way Rossi's actions are fraud, from reselling the licensing, (unless he > has a known faulty product). The best IH can hope for is a null contract; > not the rights to the IP. > > On 07/01/2016 03:59 PM, Bob Higgins wrote: > >> It is interesting and self-destructive that Rossi appears to have >> unilaterally declared that the license sold to IH is null and void. Having >> accepted money for that license, he is in a legally binding contract. Yet >> Rossi seems intent to market that license to others as though he had no >> other contract. This is clearly fraud, and a fraud that will quickly put >> Rossi back in jail for a good long contemplative period. He should be >> collecting his reading material on antigravity. >> >> I couldn't help myself. >> >> >
