InvestorsHub Logo
Followers 48
Posts 2095
Boards Moderated 0
Alias Born 02/08/2011

Re: Value_Investor post# 4395

Monday, 08/01/2016 1:42:49 PM

Monday, August 01, 2016 1:42:49 PM

Post# of 4713
What lawsuit?

I do not see any lawsuit. Can you provide a link?

Even if there is a lawsuit somewhere involving the company, the instant the bankruptcy was filed, there is an automatic stay on the lawsuit, and it becomes part of the bankruptcy case.

If it was a lawsuit the company has against someone else, then it would be listed in the schedule of assets.
I do not see anything like that.

If the lawsuit was against the company, then it would be listed as a contingent liability on one of the schedules. I do not see anything like that either on the schedules.

I do see that in document #28 a lawyer has filed to get a copy of notices on behalf of a number of shareholders, but nothing else has happened so far and there appears to be no other court action taking place:
www.plainsite.org/dockets/download.html?id=237140617&z=4362b883

Louis J. Desy Jr.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.