The JBII 10Q stated it best as to how this affects investors...
Item 1. Legal Proceedings
There are no known judgments against the Company, nor are there any known actions or suits filed or threatened against it or its officers and directors, in their capacities as such. We are not aware of any claims against the Company or any reputed claims against it at this time except for claims of two former employees of the Pak-It subsidiary and one former JBI employee. These former employees have alleged that certain monies are due them pursuant to their employment agreements and the Company has retained legal counsel to handle the claims. The amounts of the claims are immaterial to the financial statements of the Company.
The point is that people should read the Pacer filings for themselves. That's why the Pacer files are posted to Zoho.
Yes, the documents speak for themselves. This is why I have objected in the past to posts that have, in my opinion, misconstrued the language contained therein.