DNA Brands Inc (DNAX)

[ducktor]

What happened to the litigation?
The Company has taken several steps towards rectifying problems that have continued to plague the Company in the past, including (i) the filing of the Form 15 with the SEC and our decision to alternately file with the OTC has greatly reduced our accounting and legal bills, as well as management's time and energies required to prepare these reports; (ii) reduction of all other operating expenses including personnel and salaries, (iii) payment arrangements have been made with most vendors and creditors, who for the most part have been understanding and willing to work with the Company; (iv) convertible debt which we were forced to accept has also been greatly reduced and could be eliminated in the first quarter of 2015; (v) we are vigorously proceeding with litigation against the parties responsible for causing great harm to our Company; and (vi) senior management has continued to fund the remaining Company obligations in the absence of sufficient revenues being generated.
http://www.marketwired.com/press-release/dna-brands-2015-outlook-pinksheets-dnax-1981370.htm