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Cal-Bay International Files Lawsuit in Southern California for Recovery of $14M Debt on Florida Land Dispute
May 30, 2007 12:37:00 PM
CARLSBAD, CA -- (MARKET WIRE) -- 05/30/07 -- Cal-Bay International, Inc. (PINKSHEETS: CBAY) announced the Company has filed a lawsuit in San Diego County for the recovery of the $14M debt owed to the company from the proceeds of the sale of the West Palm Beach, Florida First trust deed position owned by the company.
Cal-Bay spokesman announced the company has been fighting the case in Mississippi where the case originated; now Cal-Bay council has filed a new lawsuit against the parties involved in San Diego County, California in a serious attempt to resolve the outstanding debt owed to the company.
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