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SNPD > SEC Filings for SNPD > Form 8-K on 27-Jun-2012All Recent SEC Filings

Show all filings for SOUTHERN PRODUCTS, INC.



Other Events

Item 8.01 Other Events

We have been added as a named Defendant in a lawsuit filed by Zhuhai Yuehua Electronic Co. ("Zhuhai") in the Superior Court of California for the County of Los Angeles (the "Court"). The suit centers on a dispute regarding amounts alleged to be due to Zhuhai upon disposition of certain televisions. Although the suit has been pending against other defendants since November 22, 2011, we were added as a party on June 13, 2012 when Zhuhai filed a First Amended Complaint. We have not been served with the First Amended Complaint.

On June 21, 2012, the Court entered a Temporary Restraining Order which, inter alia, bars certain defendants, including us, from disposing of the televisions which are the subject of the suit or from releasing any customer payments received upon distribution of those televisions. This summary description is qualified in its entirety by the full text of the Temporary Restraining Order, a copy of which is furnished herewith as Exhibit 99.1.

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