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Re: oystersnbeer post# 10

Friday, 02/01/2013 4:35:03 AM

Friday, February 01, 2013 4:35:03 AM

Post# of 409
Terra Tech being sued by WeGrow, that is the connection between the two.

From a recent Terra Tech 10Q.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

On March 29, 2011, Dhar Mann and WeGrow Garden Supply LLC filed an Individual and Corporate Complaint for: 1. Breach of Contract; 2. Fraud; 3. Breach of Fiduciary Duty; and 4. Conversion in the Superior Court of the State of California, Alameda County, File No. RG11568327 (the “Dhar Mann Complaint”), against GrowOp Technology Lts. alleging, among other things, that Mr. Mann is a 37.5% owner of GrowOp since May 23, 2010 and claiming damages of approximately $2,200,000 in connection with a purported agreement to sell Mr. Mann shares of Common Stock of GrowOp amounting to 37.5% of the issued and outstanding shares of Common Stock of GrowOp. Mr. Mann is also seeking an order from the court prohibiting GrowOp from selling any securities or becoming a public company. GrowOp denies, among other things in the Dhar Mann Complaint, the existence of a purported agreement to sell Mr. Mann shares of Common Stock of GrowOp amounting to 37.5% of the issued and outstanding shares of Common Stock of GrowOp or the damages owed. GrowOp does not believe this litigation will have a material effect on its business objectives.

From time to time, the Company may become subject to additional litigation or proceedings in connection with its business, as either a plaintiff or defendant. Except with the disclosure made in the preceding paragraph, there are no such pending legal proceedings to which the Company is a party that, in the opinion of management, is likely to have a material adverse effect on the Company’s business, financial condition or results of operations.

Read more: http://www.faqs.org/sec-filings/120820/Terra-Tech-Corp_10-Q/#ixzz2Jde3BO7l

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