8-K FORM ?? Dark Clouds are coming in Has anyone seen this 8K on finance.yahoo.com
Form 8-K for PACIFIC GOLD CORP
16-Mar-2012
Other Events
Item 8.01 - Other Events
On March 8 2012, Pacific Gold Corp. (the "Company") received a complaint that was filed in the United States District Court in Newark New Jersey, Case number 2:12-cv-01285-ES-CLW entitled Black Mountain Equities Inc. V Pacific Gold Corp. The claimant seeks monetary damages of $445,090.90 based on an assertion that the exercise price of a warrant, issued on February 27, 2007, that it holds, and that the claimant purchased just prior to the warrants expiration, was not properly adjusted and that the Company's refusal to issue the shares underlying the warrant on exercise of the warrant at the asserted adjusted price. The Company denies that there was a price adjustment as asserted by the plaintiff and intends to defend itself vigorously in the action.