Another lawsuit -- from the last 10-Q:
"CME Acuity Rx, LLC (case pending) - On June 6, 2016, notice was issued to the Company that on May 26, 2016, CME Acuity Rx, LLC (the “Plaintiff”) filed a complaint against the Company, in the Superior Court of New Jersey. The complaint alleges the Company and Plaintiff entered into an agreement whereby the Company agreed to make payments to Plaintiff in return for services to the Company. Among other allegations, Plaintiff claims that the Company’s nonpayment to Plaintiff constitutes a breach of contract. The Company believes it has meritorious defenses to the allegations and the Company intends to vigorously defend against the litigation."
Confusing to me. Even if the company owed me money, I wouldn't sue them since they are obviously a chapter 11 candidate. Can't squeeze blood out of a turnip -- unless, of course, the defendant was willing to settle for payment in calmares.
How does the company pay its lawyers? With stock?
