GB.."Also people do not do something like this alone either ... their have help. Now sometimes the help is a bunch of sheep who don;t have a clue"..
Speculation..#1..Does anyone know if this litigation has been satisfied in respect to the plaintiff(s)?
Speculation..#2..Possible candidate(s), with ax to grind motive to have teamed up with D.F.?
Speculation..#3.Will be interesting to see if name(s) come up in near future.
Dug up from past filings.. date of filing 12/11/97
PART II OTHER INFORMATION
Item 1. Litigation
There is no pending litigation to which the Company is presently a
party which has not been satisfied prior to the date of this
filing, and which is required to be disclosed under this item,
other than the following:
Matossian and Fidiparex S.A.: In December of 1995 counsel for
Robert Matossian and Fidiparex S.A. demanded rescission of and
subsequent conversion into Common Stock of notes which the Company
had entered into with certain affiliates of a former director of
the Company, Mr. Mark S. Pierce, on December 30, 1994, alleging,
among other claims, breach of fiduciary duty to the Company by
Messrs. Robert W. Marsik and Pierce. The notes were converted into
Common Stock on August 17, 1995. Mr. Matossian was a consultant to
the Company from June 1, 1993, until July 31, 1995, when his
consulting agreement was terminated by the Company. Mr. Matossian
was also a director of the Company with Messrs. Pierce and Marsik
during the time that the notes were entered into and the conversion
of the notes effected. Matossian, through various nominees on his
behlaf, filed suit purportedly on behalf of the Company against
Messrs. Pierce and Marsik essentially reiterating the foregoing
points. The suit was filed in the San Diego, California, Superior
Court (Case No. 704105). Messrs. Pierce and Marsik and the Company
filed counter-claims against Mr. Matossian and his nominees
alleging breach of contract and fiduciary duty to the Company,
securities fraud and other related claims. The Company is of the
opinion that Matossian has no claims, and has been advised by
independent counsel that the claims of Matossian are frivolous and
groundless and initiated solely for the purpose of attempting to
interpose corporate black mail to gain a pecuniary settlement.
Matossian had previously offered to settle his so-called claims for
260,000 shares of Common Stock and $162,500 in cash.
Where it came from : investor.msn.com
LOL
TJG |
