Onward Technologies Limited (OTL) announced that its wholly owned subsidiary, OTI, has successfully had an ex-parte judgment vacated by the Circuit Court of Cook County, Illinois. This judgment, initially passed on April 2, 2025, was in relation to a case filed by an ex-employee alleging non-payment of wages. OTI was served with the ex-parte judgment on August 13, 2025, and subsequently filed a petition to vacate it. The U.S. Court allowed OTI's petition and vacated the judgment via an order dated January 27, 2026. The company received this order on January 28, 2026. Following the vacation of the judgment, OTI has been granted 30 days to file its defense or reply to the main case (Case No. 2024 CH 00666). The matter is scheduled for a status hearing on March 19, 2026. OTL stated that there is no subsisting enforceable monetary liability on OTI and anticipates no material adverse impact on its financials or operations.
