Muscle Pharm Corporation (MSLPQ)

[Madcowelixir]

$3m @ 12% from Drex for Whey

$12.5m @ 80% discount selling Accounts Receivable from a shylock lending facility always fully tapped back when MSLP filed 10-Qs

$6m @ 15% against inventory from another shylock lending facility

Annual $1m payments to Manchester City Footy due every July for breach damages in that MSLP disaster.

Thermolife just awarded $1.7m in final decision v MusclePharm in December 2019*

MSLP has lost several more lawsuits with damages awarded since the last 10-Q was filed



*https://www.prnewswire.com/news-releases/thermolife-awarded-nearly-1-7-million-dollars-in-lawsuit-against-musclepharm-300975881.html

PHOENIX, Dec. 17, 2019 /PRNewswire/ -- On December 3, 2019, the Maricopa County Superior Court entered FINAL JUDGMENT in favor of ThermoLife International, LLC and against MusclePharm Corporation in the total amount of $1,680,000, including accrued interest, attorneys' fees, and costs.

The entry of FINAL JUDGMENT in ThermoLife's favor brings to the end almost three years of litigation related to MusclePharm's failure to pay ThermoLife for ingredients that it was obligated to pay for under the terms of a 2015 License and Purchase Agreement.

MusclePharm was represented in the lawsuit by the New York law firm of Kasowitz Benson Torres. The Kasowitz law firm describes itself as the "pre-eminent litigation firm in the nation." MusclePharm, and its New York attorneys, defended the case vigorously, with MusclePharm asserting a counterclaim against ThermoLife claiming over $5,000,000 in damages. After expert testimony revealed, as the Maricopa County Superior Court found, no reasonable juror could find in favor of MusclePharm on its counterclaim,