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Friday, November 17, 2017 11:32:42 AM
Boxlight Corporation/BOXL (has it ever traded???)
https://www.sec.gov/Archives/edgar/data/1624512/000149315217013131/form10-q.htm[sec.gov]
this was in the latest filing on that stock:
ITEM 1. LEGAL PROCEEDINGS
On June 1, 2017, a lawsuit was filed against the Company, Mimio LLC, Mim Holdings, VC2 Partners and Vert Capital Corp by Skyview Capital for breach of a $1,460,508 restated note. On September 11, 2017, we paid Skyview the sum of $1,577,653, which included the principal balance of $1,460,508, plus accrued interest of $117,145, due and payable to Skyview. Although we believe that we have paid this obligation in full, Skyview may seek additional costs and penalties as we have not received a release from Skyview in connection with the pending lawsuit.
In October 2017, a supplier filed a lawsuit against the Company for outstanding debt and accrued interest owed by the Company of approximately $838,214. The lawsuit also included a claim for attorney fees of $83,846. The Company has obtained legal counsel and is in the process of negotiating a settlement.
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