Speed Commerce Inc (SPDC)

[keekee]

Yes, regarding the lawsuit. That's the funnies I have ever seen and I have been in the lawyering business for over twenty years. Imagine it this way: You claim that your partner owes you $500 pursuant to a contract. According to you, you asked that partner to pay you the contractual $500. The partner refused. So, you file a lawsuit claiming $25,000 from your partner. Your theory is that when your partner refused to repay the $500, you defaulted on your students loan, could not buy food, and because you could not buy food, you became ill and because you became ill, you ended up in the hospital, and after you came out from hospital, you borrowed to repay the bills and to feed, and meanwhile your business suffered and you became insolvent. So, the total cost to you is $25000. That is basically what that lawsuit is all about. Nice narrative, except that, if you proved anything at all, the court would only award you the $500 contracted plus costs. Now, the plaintiff in that case does not even appear to have evidence (I have read the entire complaint) to prove the alleged contract amount 0f $700,000. The case would be heard in the final quarter of 2016. I am surprised that it was not thrown out in the first motion. My advice to you....BIG IGNORE.