Replies to post #78674 on Muscle Pharm Corporation (MSLPQ)

[codie]

Capstone knows good and well Musclepharm cannot and will not succeed. They couldn't pay their bill before and they can't pay them now.

Capstone filed this lawsuit to secure their place in the creditor line for Musclepharm's upcoming bankruptcy.

[deafelephant]

Capstone vs. MusclePharm

"Third-Party Manufacturer Dispute
The Company is engaged in a dispute with Capstone concerning amounts allegedly owed under the Manufacturing Agreement. Capstone claims that it is owed approximately $22.0 million in outstanding payables. The Company disputes Capstone’s claim, and claims that Capstone owes the Company at least $13.5 million in losses caused by, among other things, Capstone’s failure to timely manufacture and supply the Company’s products. On February 12, 2016, Capstone commenced a mediation with the American Arbitration Association. As of the date of this report, the mediation has not yet been scheduled."

It seems mediation failed.

http://www.secinfo.com/d14D5a.wFFGm.12.htm