Asyst Technologies, Inc. (fka ASYTQ)

[trader53]

Comparing >>> ASYTQ's 8-K , and QSGIQ's 8-K


MARCH 10, 2010
ASYTQ 8-K
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7121392

5. Plan Objections .

In response to the Plan Objections by Crossing Automation, Inc. (“Crossing”) and Intel Corporation (“Intel” and, together with Crossing, “Crossing/Intel”), on the one hand, the Debtor and Key Bank, as agent for the pre-petition lenders (“Debtor/Key Bank”), on the other hand, agreed on the record that $254,175.06 shall be paid forthwith by the Debtor to Crossing. Upon such payment, Crossing/Intel on the one hand, and Debtor/Key Bank, on the other, shall generally and mutually release each other from any and all claims whatsoever, known or unknown, arising in or any way related to the Asyst bankruptcy case and the parties expressly waive the protection of Cal. Civ. Code 1542 , which is incorporated herein. Crossing and Intel are not releasing any claims which may exist between each other, KeyBank is not releasing any claims against Crossing or Intel unrelated to the Debtor, Crossing and Intel are not releasing any claims against Key Bank unrelated to the Debtor, and the Debtor is not releasing any claims of the Debtor against Mr. Clegg.



JULY 20,2010
QSGIQ 8-K
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7366450

f) On April 14, 2010, QSGI INC, settled its dispute with Victory Park Management, LLC and Victory Park Capital Advisors, LLC (collectively “VPC”) and signed a Settlement Agreement and Mutual Release. VPC made claims against the Company including pre-petition overstatements of inventory valuation and post-petition interference with the sale process of the assets. Although the Company disputed all claims, the company (in conjunction with its insurer) settled with VPC after considering the total cost of litigation. Other than an obligation to pay $150,000 if the Company is ultimately reorganized, the settlement releases the Company from any and all claims VPC may have had against it. The settlement and all other documents relating to the claim are available under case number 09-23658-EPK that was filed with the United States Bankruptcy Court Southern District of Florida, West Palm Beach Division. A copy of the Order Approving Expedited Amended Joint Motion for Approval of Settlement Agreement between Debtors and Victory Park Management, LLC. Pursuant To Fed.R.B.P. 9019 (D.E. 233) dated May 27, 2010, is attached as Exhibit 99.1 (g).

JULY 20, 2010
QSGIQ 8-K
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7366450

g) In June, 2010, a settlement agreement and mutual release was entered into by and between John Riconda, on one hand, and QSGI INC., on the other to settle asserted claims by both parties against each other. A copy of the settlement agreement and mutual release is attached as Exhibit 99.1 (h).




ASYTQ
http://www.otcmarkets.com/stock/ASYTQ/financials

QSGIQ
http://www.otcmarkets.com/stock/QSGIQ/quote


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