My apologies in advance if this is old news.
On another discussion board there is a poster who, for the last year, has been spooking investors by claiming to have confidential information about a massive class action lawsuit against SUNV.
I decided to rebut his claims and came across the below information and link to a 10K filed by SUNV last November.
I confess to not having read all of it but on the off-hand chance anyone is interested I decided to pass it along.
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From Sunovia 10K filing dated Nov 13, 2009 page 17 under "Legal Proceedings"
"From time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have, individually or in the aggregate, a material adverse affect on our business, financial condition or operating results.
None of our directors, officers or affiliates are involved in a proceeding adverse to our business or have a material interest adverse to our business."
Here's the link: www.faqs.org/sec-filings/091113/SUNOVIA-ENERGY-TECHNOLOGIES-INC_10-K/
