LEGAL PROCEEDINGS.
+Added: On February 9, 2010 Mr.
+Added: Thomas Davis and the Davis Group (“Davis”) filed a complaint against us in the United States District Court for the Southern District of New York.
+Added: This suit alleges three causes of action for payment due under certain promissory notes issued, and four causes of action for breach of contract.
+Added: Complaint claims that we failed to make payments as they became due under a number of promissory notes issued by us to Davis and under other loans made by Davis to Flint.
+Added: Davis seeks damages in the total amount of $1,325,000 plus interest, attorney’s fees and costs.
+Added: We have not responded to this complaint and expect summary judgment to be entered.
+Added: Davis is in active discussions with management to restructure the amounts due to him and management is confident that a successful resolution
+Added: will come from these discussions.
A judgment was entered against us on October 26, 2009 in the amount of $72,852, plus accruing interest from that date at the rate of $20 per day and post judgment costs incurred in enforcing the judgment.
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The Complaint claims that we owe money for services rendered, that we subsequently entered into a settlement
−Removed: agreement with AT&T to settle the amount owed to AT&T, and that we failed to make any payments due under such settlement
+Added: agreement with AT&T to settle the amount owed to AT&T, and that we failed to make any payments due under such settlement agreement.
AT&T seeks an automatic entry of judgment against us in the amount of $440,672 plus interest, attorney’s fees and costs.
−Removed: However, because Thermocredit has a first priority secured interest against all of Flint’s assets, Flint expects that Thermocredit will stop the actual collection on any of these judgments, and management hopes to be able to negotiate with these plaintiffs and come to a reasonable
+Added: However, because Thermocredit has a first priority secured interest against all of Flint’s assets, Flint expects that Thermocredit will stop the actual collection on any of these judgments, and management hopes to be able to negotiate with these plaintiffs and come to a reasonable settlement.
We are also a party to other legal proceedings in the normal course of business.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.