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Commitment and Contingencies
3 Months Ended
Sep. 30, 2012
Commitment and Contingencies:  
Legal Matters and Contingencies

Legal Proceedings

 

Almut Von Biederman

 

On May 10, 2010, the Company was served with an action from Ms. Von Biederman for breach of contract seeking damages in excess of $75,000. The Company was in mediation  proceedings, and has accrued $20,000 of prior consulting fees due to Ms. Von Biederman.

 

Ms. Von Biederman motioned for a summary judgement that the Company breached the employment agreement by terminating her employment without good cause and/or due to a change in control of the Company.  On August 8, 2012 Ms. Von Biederman's motion was denied. 

 

Further, on August 8, 2012, the Court granted Ms. Von Biederman a summary judgement that the Company breached the emloyment agreement by failing to pay her salary owed between July 29, 2009 and November 15, 2009 and the Company breached the consulting agreement by failing to pay Ms. Von Biederman the $20,000 owed under the consulting agreement.