On February 16, 2010, in connection with a lawsuit filed by Gottbetter Capital Master, Ltd. (“GCM”), in the Los Angeles County Superior Court (Case No. LC 088277) arising out of Registrant’s default on that certain Amended and Restated Senior Note dated May 1, 2009 (the “GCM Note”), the Court issued an Ex Parte Order Appointing Receiver and Issuing Preliminary Injunction In Aid of the Receiver (the “Order”). The Order appointed Robb Evans & Associates, LLC, as receiver in the action empowered, among other things, to take over possession, custody and control of the assets and business of Vertical Branding, Inc.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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