Plastic2Oil Inc (PTOI)

[dreaminbig]

Poof? The other cases haven't gone "poof". Settlements aren't "Poof". CA is ongoing, Derivative is ongoing, SEC is ongoing. Kidd is ongoing, etc.

Here are two settlements that cost the shareholders. Plus legal fees.

On February 28, 2011, the Company entered into a settlement agreement related to a legal claim in which the Company’s former consultants and an executive officer claimed money owed to them for consulting work performed in fiscal 2010. Pursuant to the settlement agreement, the Company is liable for a sum of $312,500, which was included in accrued expenses at December 31, 2010.

http://www.sec.gov/Archives/edgar/data/1381105/000121390011003733/f10k2010a1_jbi.htm

In March 2011, a former employee filed a complaint against the Company and its subsidiaries alleging wrongful dismissal and seeking compensatory damages. Subsequent to December 31, 2011, the Company settled with the former employee for $150,000, which was accrued as of December 31, 2011.

http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm