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NEWN I would not had bought 25,000 shares if the LAWSUIT had not been settled. The lawsuit has been settled on Pearl Harbor Day - On December 7,

AF notes: I have done extensive research the past 5 days on NEWN and just like in many stocks that drop from $7 to under $1 - a lot of the BAD STUFF that brought the pps down, are starting to be settled or fixed by the company. I have seen this so many times, I have bought 25,000 shares of NEWN for a ride to $1.90 at minimum

Key developments for Shenzhen NewPower Technology Co., Ltd.
Shenzhen NewPower Technology Co., Ltd. Enters Settlement Agreement with Shenzhen Zhongte Industry and Trade Co., Ltd
12/13/2011

On December 7, Shenzhen NewPower Technology Co., Ltd. entered into a settlement agreement with Shenzhen Zhongte Industry and Trade Co., Ltd. (“SZIT”) resolving the action filed by SZIT in Longgang District People's Court in Shenzhen, China on October 24, 2011. Pursuant to the settlement agreement, SZIT shall return certain products it purchased under a sales agreement, dated May 9, 2011 between the company and SZIT. The company shall return RMB 9,720,000, the purchase price of the products, to SZIT. In addition, NewPower shall pay RMB 139,205 to SZIT by January 5, 2012. The sales agreement shall be terminated immediately and SZIT releases any and all of its claims arising out of the sales agreement.

NewPower was served a notice of lawsuit in November 2011 , for breaching a Sales Agreement, dated May 9, 2011 between NewPower and Shenzhen Zhongte Industry and Trade Co., Ltd. ("SZIT"), by not accepting returns of purported faulty products from SZIT. SZIT seeks monetary damages including SZIT's costs and expenses incurred in connection with the action. Accordingly, the Company accrued $1.5 million during the third quarter of 2011 for this lawsuit, of which, $1.2 million was for return of the products and $0.3 million was for the loss incurred from faulty products. Management believes these claims are without merit and intends to fight them rigorously.