![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, April 09, 2013 2:00:52 PM
Tuesday, April 09 2013 1:58 PM, EST CIRTRAN CORP FILES (8-K) Disclosing Other Events Edgar Online "Glimpses"
ITEM 8.01-OTHER EVENTS
CirTran Corporation (the "Company"), its wholly owned subsidiary, CirTran Beverage Corporation , and Iehab Hawatmeh and Fadi Nora , directors of the Company, and a variable interest entity of which the Company is the primary beneficiary, Play Beverages, LLC , and its principal owner, After Bev Group, LLC (together, the "Play Beverages Parties") have entered into a Settlement Agreement and Mutual Release with LIB-MP Beverage, LLC, American Sales & Merchandising, LLC , Warner Depuy , Michael Liberty , and Jeffrey Pollack to resolve litigation filed in April 2010 in the Third Judicial District Court , Salt Lake County, Utah , in which the Play Beverages Parties had sought declaratory relief and damages for tortious interference with contractual relations, breaches of fiduciary duties, fraud, and negligent misrepresentations. LIB-MP had also asserted claims aggregating approximately $1.1 million in the Utah bankruptcy proceeding of Play Beverages, LLC . This bankruptcy proceeding was dismissed in December 2012 .
Under the recent settlement and release agreement, the parties exchanged mutual general releases without the payment by any party of any amounts to any other. Accordingly, the Company was relieved of the $1.4 million claim of LIB-MP for accrued royalties and other debt obligations without any payment.
Recent CIRX News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 09:11:02 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 07:37:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:12:01 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 06:47:40 PM
FEATURED Element79 Gold Corp Appoints Warren Levy to Board of Directors • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM