Labor Smart Inc (LTNC)

[kmikesara]

I think the rule you quote has nothing to do with the disclosure required in an S-1. In any event, the LTNC S-1 states the following:

Legal Proceedings

None of the officers and directors of the Company, has ever filed for bankruptcy nor had a receiver, fiscal agent or similar officer appointed by a court for any business or property of his, has never been convicted in a criminal proceeding and is not a named subject of any pending criminal proceeding. Nor have they ever been the subject of any order enjoining him from any type of business, securities or banking activities, or ever been found to have violated any federal or state securities law.