Replies to post #116414 on Voip Pal Com Inc (VPLM)

[loophole lawyer]

We now know that the patents held and Amazon will soon settle…….but HOW BIG IS THIS SETTLEMENT??? They DISCLOSED IT!!!!!!!!

Nonrequired Disclosure
The SEC does not require disclosure if a legal claim against a company is a routine event the company experiences in the course of business or if the claim represents less than 10 percent of its assets. If a client claims a small loss of wages due to a faulty product made by General Electric, for example, the amount of relief sought would be far less than 10 percent of the company's net assets and by definition would not have a "material adverse effect" on the company. GE would not need to disclose the lawsuit in its quarterly or annual reports or report the outcome