Labor Smart Inc (LTNC)

[DD2Gain]

Bankruptcy proceeding against LTNC for delinquent note:

Plaintiff: Command Center, Inc.
Defendant: Labor Smart, Inc.
Case Number: 1:2015cv04407
Filed: June 8, 2015
Court: New York Southern District Court
Office: Foley Square Office
County: XX Out of State
Presiding Judge: Deborah A. Batts
Nature of Suit: Negotiable Instrument
Cause of Action: 28:1332
Jury Demanded By: None


https://dockets.justia.com/docket/new-york/nysdce/1:2015cv04407/443091

We also provided a non-binding letter of intent to Labor Smart, proposing to purchase substantially all of the assets of Labor Smart under a Section 363 bankruptcy process. We believe the auction process outlined under Section 363 of the U.S. Bankruptcy Code provides the best opportunity for a return to us."

http://seekingalpha.com/article/3358195-command-center-under-followed-micro-cap-with-100-percent-upside