Legal Proceedings
−Removed: Other than the following proceedings, we
−Removed: are not a party to any material pending legal proceedings and, to the best of our knowledge, none of our property or assets are
−Removed: the subject of any material pending legal proceedings.
−Removed: On October 12, 2023, the Supreme Court
−Removed: of the State of New York in the County of Albany entered a final judgment against the Company approving the request of the Workers’
−Removed: Compensation Board of the State of New York, the plaintiff in the case, seeking recovery of an outstanding assessment/award in
−Removed: the sum of $7,500.
−Removed: On November 10, 2023, Philip Falcone, individually
−Removed: and on behalf of Madison and other named defendants, filed a Confession of Judgment affirming that the Z4 Note had been issued
−Removed: to the Company, dated December 28, 2021, by Z4 Management, which was guaranteed by each of FFO1 and FFO2.
−Removed: The Z4 Note was initially
−Removed: payable on February 15, 2022, and had an original principal balance of $500,000.00 with an interest rate of 12% per annum.
−Removed: Z4 Note’s expiration date was extended to July 5, 2022, then further extended to March 31, 2023, and as of October 1, 2023,
−Removed: the revised principal balance, along with interest accrued, totaled $581,304.
−Removed: On such date, Z4 Management filed an Affidavit of
−Removed: Default affirming that the Z4Note was in default and requesting a judgment in the amount of $581,304 against Madison, FFO1, FFO2,
−Removed: Falcone personally in favor of Z4 Management.
−Removed: On December 5, 2023, a judgement in favor Z4 Management in the sum of $581,304
−Removed: was rendered against Madison, Mr.
+Added: than the following proceedings, we are not a party to any material pending legal proceedings and, to the best of our knowledge,
+Added: none of our property or assets are the subject of any material pending legal proceedings.
+Added: October 12, 2023, the Supreme Court of the State of New York in the County of Albany entered a final judgment against the Company
+Added: approving the request of the Workers’ Compensation Board of the State of New York, the plaintiff in the case, seeking recovery
+Added: of an outstanding assessment/award in the sum of $7,500.
+Added: November 10, 2023, Philip Falcone, individually and on behalf of Madison and other named defendants, filed a Confession of
+Added: Judgment affirming that the Z4 Note had been issued to the Company, dated December 28, 2021, by Z4 Management, which was
+Added: guaranteed by each of FFO1 and FFO2.
+Added: The Z4 Note was initially payable on February 15, 2022, and had an original principal
+Added: balance of $500,000.00 with an interest rate of 12% per annum.
+Added: The Z4 Note’s expiration date was extended to July 5,
+Added: 2022, then further extended to March 31, 2023, and as of October 1, 2023, the revised principal balance, along with interest
+Added: accrued, totaled $581,304.
+Added: On such date, Z4 Management filed an Affidavit of Default affirming that the Z4 Note was in
+Added: default and requesting a judgment in the amount of $581,304 against Madison, FFO1, FFO2, and Mr.
+Added: Falcone personally in favor
+Added: of Z4 Management.
+Added: On December 5, 2023, a judgement in favor Z4 Management in the sum of $581,304 was rendered against
Falcone, FFO1 and FFO2.
1 unchanged sentence
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.