Hey CHUMPS, How is your day going? Could not help but notice that Hartcourt was sued first in this law suit. Seems you told me that Hartcourt was suing them but neglected to tell me that they were suing Hartcourt.
Remember CHUMPS, always buy low and never the other way around.
CHEERS CHUMPS!!
American Equities, LLC v. Hartcourt, Los Angeles Superior Court:
American Equities alleges that they are entitled to further shares
pursuant to an anti-dilution clause contained in a warrant certificate. The
Company disputes such an assertion, and trial is scheduled for March 2001.
The Hartcourt Companies, Inc. v. American Equities, Sherman Mazur, Reid Breitman
and Corporate Financial Enterprises, Inc., Los Angeles Superior Court Case No.
BC 237 714:
The Company is seeking to rescind certain consulting agreements and
warrant agreements with American Equities, LLC., on the basis that American
Equities, LLC and its principals, Sherman Mazur and Reid Breitman, failed to
disclose Mr. Mazur's felony convictions and voluminous bankruptcies of his
former real estate limited partnership entities and therefore fraudulently
induced the Company to enter into such agreements. The Company is also seeking
to rescind various stock issuances based on the failure of American Equities,
LLC and Corporate Financial Enterprises, Inc. to pay the promissory notes upon
which such shares were issued. This litigation has only recently commenced.
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