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Softbank Holdings, Inc. v. Mediabank, Inc., and Zulu-Tek Media, Inc., Los Angeles County Superior Court Case No. BC197397. Softbank Holdings, Inc. ("Softbank") filed an action in September 1998 against Mediabank, Inc. and Zulu-Tek Media, Inc. for breach of an indemnification agreement, and breach of an assumption and guarantee agreement regarding the bonus, severance and other payments paid by Softbank to a former SIM officer and allegedly owed to Softbank under the indemnification arrangement. Softbank seeks damages in the amount of $436,198.90, with interest, costs and attorneys' fees. The parties are engaged in settlement negotiations regarding the action.
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