Ich wollte es hier nicht posten, sonst heißt es wieder Mießmacher, blabla. Aber die waren 2007 definitiv pleite und konkurs. Nur wie sie da wieder rausgekommen sind, erschließt sich mir nciht ganz, auch noch nicht, um was es da genau ging. Hatte ich gefunden als ich auf der Suche nach den 4Mios US$ war, die sie eigentlich von Joe Jackson und seiner Filmfirma als Anzahlung nach Vertragsabschluss in 2006 hätten bekommen sollen. Gefunden habe ich die bisher noch nicht, aber vielleicht hast du mehr Glück... http://yahoo.brand.edgar-online.com/...fault.aspx%253fcik%253d1013453 ITEM 3 - LEGAL PROCEEDINGS CHAPTER 11 BANKRUPTCY ValCom filed a voluntary chapter 11 bankruptcy petition on July 14st 2007 and obtained the status of Debtor in Possession. Valcom had in initiated suit against Chicago Title and The Laurus Master Fund in October 2005 because it claimed that Laurus and Chicago Title had retained the $500,000 overage arising out of the proceeding in 2003/4. Subsequently, the trial court entered summary judgment in favor of Chicago Title and Laurus. Valcom appealed, contending that there were triable issues as to whether: (1) Valcom suffered damages; (2) Chicago Title and Laurus violated Civil Code sections 2924K, 2924d, and 2924h; and (3) Chicago Title breached its duties as the foreclosure trustee. Additionally, at the time that the trial court granted Summary Judgment against Valcom, the trial court awarded costs and attorney fees of $562,127.30, and Valcom argued in its appeal that Chicago Title was not entitled to attorney fees, and the attorney fees awarded to Laurus were excessive. Prior to the filing of the Chapter 11 bankruptcy, Valcom attempted to obtain a stay against enforcement of the attorney fees and costs judgment awarded to Chicago Title and Laurus pending appeal. Valcom was unable to prove to the trial court's satisfaction that the value of Valcom's assets was sufficient to protect Chicago Title and Laurus' judgment. The Court denied Valcom's attempt to use its property in lieu of a cash bond, and threatened with enforcement of the judgment, Valcom had no choice but to file for the protection of the bankruptcy court. Valcom, through appeals counsel, filed an appeal, and oral argument on the appeal occurred December 17, 2007. On February 13, 2008, subsequent to the Debtor's status conference in bankruptcy court, the Court of Appeals for the Second Appellate District, Division Two, case number B193714, ruled in favor of Valcom, Inc. and the judgment of Laurus Master Fund and Chicago Title for $562,127.30 as an obligation of the Debtor. During August 2008, the Company emerged from bankruptcy. The Company is seeking new business opportunities and to reestablish itself in the television and film production industry. |