Form 8-K for GOTTAPLAY INTERACTIVE, INC.
2-Aug-2007
ITEM 8.01 OTHER EVENTS.
In July, 2007, a lawsuit was instituted against the Company, and directors John P. Gorst and Mark H. Levin, by Capital Group Communications, Inc. ("CGC") an investment relations firm. In the lawsuit CGC seeks to void the Company's cancellation of 2,000,000 shares of common stock previously issued to CGC and additional consequential damages. The Company had cancelled the stock based upon, among other things, the non-performance of a July 25, 2006 Agreement. The lawsuit also seeks to recover from the Company, $125,000 that CGC had invested in an independent company with which the Company had previously entered into merger negotiations. We believe we have meritorious defenses to the claims and we intend to vigorously defend action.