Replies to post #132698 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[miami_vice]

Olde Monmouth initially sued the DTC, but there is a counter sue, as Olde Monmouth is listed as a co-defendent.

They are about to be put out of business, Olde Monmouth is.

"These changes have been deftly orchestrated by DTC as outlined in the annexed Declaration of Dr. Susan Trimbath, a former insider at DTC, in arecent lawsuit filed by Olde Monmouth Stock Transfer Co., Inc., against Depository Trust & Clearing Corporation and Depository Trust Company (07CV0990 (SDNY) ) , in which Olde Monmouth Stock Transfer Co., Inc. ("Olde Monmouth") sought to enjoin implementation of DTC's proposed Rules, which Rules would have the effect of closing Olde Monmouth because they are anticompetitive and exclusionary. Olde Monmouth is only one of the small agents which has been threatened by DTC and who are together facing the prospect of being put out of business by DTC' s proposed Rules."

http://www.sec.gov/comments/sr-dtc-2006-16/dtc200616-12.pdf

[ninertango]

and the DTC is suing them back. only the first thing that I've found. you guys all crack me up. quit whining.