Music Licensing Inc (SONG)

[trader59]

The lawsuit, I assume, is the action they filed against OTC Link, and it isn't going anywhere. They bought a shell to "merge" into, and it is up to the buyer to do their due diligence and make sure everything is good. The only possible lawsuit they'd have would be against the seller if something was purposely hidden or misrepresented, but that should also be covered in warranty clauses (assuming they didn't screw that up, too) of the acquisition agreement and liability would be limited to the purchase price.