Monday, November 07, 2016 8:46:17 AM
PART II.
ITEM 1. LEGAL PROCEEDINGS
James Giordano, our previous CEO, filed a lawsuit on August 26, 2015 since refiled on April 14, 2016 in the State of Connecticut in Hartford County. The claim is in a total amount of no less than $220,833 for past salaries. The Company does not agree with this complaint and will respond as soon as practical. The Company has recorded a liability of $175,000 in regards to the disputed claim.
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