Firma Holdings Corp. (FRMA)

[Sam Dan]

Good point . Any suggested names!!
Would seem to be very much without merit law suit but lawyers will profit.

Full filing
On May 28, 2014 the Company entered into an agreement with FreshTec, Inc. to acquire technology which can be used for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of time during shipping and storage.

On June 17, 2014 the Company acquired the technology pursuant to the terms disclosed in the Company’s 8-K report filed on June 4, 2014.

Item 8.01
Other Events.

On June 12, 2014 Perry Lidster, a minority shareholder of FreshTec, Inc., filed a lawsuit against FreshTec, Inc., the management of FreshTec, and the Company in the Delaware Chancery Court. The suit alleges that the management of FreshTec breached their fiduciary duty to the FreschTec shareholders by causing the sale of the technology to the Company and that Company aided and abetted FreshTec’s management in breaching their fiduciary duty. Shareholders owning over 93% of FreshTec’s common stock previously approved the sale of the technology to the Company. Based upon discussions with counsel, the Company believes the suit is without merit.