Saleen Automotive, Inc. (fka SLNN)

[AutoInvestor]

Remember that big Saleen PR announcement that communicated
a distribution deal with Green Global Automotive?
In September 2014, the Saleen received a Complaint from Green Global Automotive B.V. (“GAA”) alleging causes of action for breach of contract and breach of the covenant of good faith and fair dealing, related to a European Distribution Agreement entered into in September 2011 between GAA and Saleen Electric Automotive, Inc., which was merged into the Company in June 2013. The suit seeks contract and economic damages of $50,000 along with compensatory damages, restoration, lost profits and attorneys’ fees. Saleen Management is currently evaluating the merits of this case, if any, and is working to ascertain the impact on the Company’s financial statements, if any.
Another signed agreement that ends up in court due to Saleen's lack of good faith and fair dealing.