2 unchanged sentences
("Carmel") in the Superior Court of California, Orange County, in accordance with, and upon our default of, a settlement agreement we entered into with Carmel on May 5, 2009, and 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.
−Removed: As of December 31, 2010, the financial statements contain a payable amount of $60,000 in relation to this action.
+Added: As of March 31, 2011, the financial statements contain a payable amount of $60,000 in relation to this action.
Our management is confident that the lower amount will be more reflective of the end settlements amount.
6 unchanged sentences
We are currently negotiating a payment schedule with AT&T that management is confident will result in a structured plan to allow us pay the remaining balance.
−Removed: As of December 31, 2010, the financial statements contain a payable amount of $440,672 in relation to this action.
+Added: As of March 31, 2011, the financial statements contain a payable amount of $440,672 in relation to this action.
Our management is in active discussions with AT&T to agree a phased payment of this amount over two years and is confident that this outcome will result from those discussions.
4 unchanged sentences
A motion for default judgment was filed on October 11, 2010 against us for the amount of $200,000 plus interest, attorney’s fees and costs.
−Removed: As of December 31, 2010, we have accrued $200,000 in the accounts in relation to this action.
+Added: As of March 31, 2011, we have accrued $200,000 in the accounts in relation to this action.
Management has opened discussions with representatives of the plaintiff to discuss a phased payment of the amount due.
4 unchanged sentences
Burbank sought and received a judgment for damages in the amount of $190,000 plus interest, attorney’s fees and costs.
−Removed: As of December 31, 2010, we have accrued $195,623 in the accounts in relation to this action to include interest and penalties.
+Added: As of March 31, 2011, we have accrued $195,623 in the accounts in relation to this action to include interest and penalties.
Management intends to enter into renewed discussions with Mr.
5 unchanged sentences
CHVC sought and received a judgment for damages in the amount of $82,742 plus pre-judgment interest of 18% per annum starting September 1, 2010, plus $500,000 as an additional liquidated damage, post judgment interest, costs and attorney’s fees.
−Removed: As of December 31, 2010, we have accrued $2,182,676 in the financial statements in relation to this action to include interest and penalties.
+Added: As of March 31, 2011, we have accrued $2,182,676 in the financial statements in relation to this action to include interest and penalties.
In the interim, a large proportion of this amount as been assigned to a third party by CHVC and management is in active discussions with that party to agree new payment terms.
On November 10, 2010, Abovenet Communications filed a complaint against us in US District Court for the Southern District of New York, alleging breach of contract and seeking $87,761 in damages, plus interest, attorney’s fees and costs.
−Removed: As of December 31, 2010, we have accrued $16,000 in the financial statements in relation to this action, which is the amount of services used from Abovenet prior to its action.
+Added: As of March 31, 2011, we have accrued $16,000 in the financial statements in relation to this action, which is the amount of services used from Abovenet prior to its action.
It is too early in the process for management to accurately estimate the full contingency amount attached to this legal action.
2 unchanged sentences
Davis and Flint, and seeking damages in the amount of $2,230,000.
−Removed: As of December 31, 2010 the financial statements include $1,126,875 in loans and accrued interest and $1,530,000 in preferred shares in relation to Mr.
+Added: As of March 31, 2011 the financial statements include $1,126,875 in loans and accrued interest and $1,530,000 in preferred shares in relation to Mr.
Management remains confident that suitable terms can be reached with Mr.
8 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.