Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
MOBL.OB > SEC Filings for MOBL.OB > Form 8-K on 30-Mar-2009All Recent SEC Filings

Show all filings for MOBILEPRO CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for MOBILEPRO CORP


30-Mar-2009

Other Events


Item 8.01. Other Events.

On March 24, 2009 the Registrant ("Mobilepro" or the "Company") received a summons and complaint filed by Commonwealth Capital Corporation ("Commonwealth") in the United States District Court, District of Arizona, Phoenix Division, Case no. 2:09-cv-00274-JWS against a "Mobilepro Corporation." Also named as defendants in the complaint are the City of Tempe, Arizona and Neoreach, Inc., the formerly owned wireless subsidiary of the Company. The civil complaint alleges that "Mobilepro Corporation" breached a certain lease agreement allegedly entered into between Mobilepro Corporation and Commonwealth. Commonwealth seeks judgment against "Mobilepro Corporation" in the amount of $904,620.00, plus interest, attorney fees and the other reasonable costs associated with the pursuit of the litigation.

The Registrant intends to vigorously defend itself in this matter and is in the initial stages of evaluating the appropriate counter-claims and defenses that may be asserted against Commonwealth. If Commonwealth were to prevail in its complaint and obtain a judgment and Mobilepro were not to prevail in any of its potential counter-claims, such a result could have a material adverse effect on Mobilepro's liquidity and force Mobilepro to evaluate its legal options. See "Risk Factors" in Mobilepro's most recent quarterly report on Form 10-Q for more detail on such risks.


  Add MOBL.OB to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for MOBL.OB - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.