Bay Acquisition Corp. Files Lawsuit Against Meyers Associates, L.P. for Breach of Contract
NEW YORK, Dec. 23, 2013 (GLOBE NEWSWIRE) -- Bay Acquisition Corp. (OTCBB:SLGI) filed a lawsuit in Supreme Court of the State of New York against Meyers Associates, L.P. for Breach of Contract, Tortuous Interference with Contractual Relationships, Breach of Implied Covenant of Good Faith and Fair Dealing, Fraud, Constructive Fraud, Negligent Misrepresentation, Breach of Fiduciary Duty, Specific Performance, in the amount exceeding Ten Million ($10,000,000) Dollars.
Over $250,000 of capital raised for Bay Acquisition's business operations is being held in escrow by the refusal of Mr. Raana Kahn, Executive Vice President of Meyers Associates, to release the funds to the Company or to release them back to the investors. These funds are critical to Bay Acquisition's continued operations of its website Goozex.com and VGFive.com.
For more information please contact Paul Goodman of Cyruli Shanks Hart & Zizmor, LLP at (212) 661-6800.
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