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TJG

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TJG

Re: EMPATHY post# 13095

Tuesday, 05/08/2012 7:13:31 AM

Tuesday, May 08, 2012 7:13:31 AM

Post# of 13679
Here is item 8, it sounds as if the company and this guy have a beef over him being fired. Having 40 employees and getting a harrasment suit, which by the way as a past management person for Sears we used to get these a lot, is not a big deal.

On the whole they never get very far, unless they are a sexual harrasment. But either way, it would not have any effect on how the business is run or if they get any contracts. I cant see where it would be of much use to our current situation.

Law suites that would be bad for the company would be if they were being sued by a supplier, a client, someone from the outside business world. But not a former employee, they are by rule obligated to list all law suites, but this seems minor to me. When you look at the date on this 8-K its two years old, this has most likely long been settled. IMO

Item 8. Legal Proceedings

The Company’s subsidiary, Elasco, Inc., is party to a lawsuit brought against it by a former employee of Elasco, Inc. The former employee alleges harassment and serious and willful misconduct. The Company is denying all allegations and is vigorously defending against these claims.