FZN » Topics » LEGAL PROCEEDINGS

This excerpt taken from the FZN 10-Q filed May 14, 2009.

Item 1.  Legal Proceedings.

Neither we, nor our subsidiaries are currently subject to any material legal proceeding, nor, to our knowledge, is any material legal proceeding threatened against us or our subsidiaries.

This excerpt taken from the FZN 10-Q filed Jan 22, 2009.

Legal Proceedings.

Neither we, nor our subsidiaries are currently subject to any material legal proceeding, nor, to our knowledge, is any material legal proceeding threatened against us or our subsidiaries.

This excerpt taken from the FZN 10-Q filed Nov 4, 2008.

Legal Proceedings.

Neither we, nor our subsidiaries are currently subject to any material legal proceeding, nor, to our knowledge, is any material legal proceeding threatened against us or our subsidiaries.

These excerpts taken from the FZN 10-K filed Sep 17, 2008.

LEGAL PROCEEDINGS


In 1999, we became a minority partner and provided management services toward a Brazilian joint venture.  Over the next several years, we also contributed advances, accounts receivable for services performed and extended a loan.  At the end of fiscal year 2002, we filed a civil lawsuit in the Federal District Court of Brasilia against the controlling partner in this joint venture, as a result of the Brazilian partner’s failure to disclose financial information and operating results of Cuisine Solutions do Brasil Ltda to Cuisine Solutions Inc. according to both the joint venture agreement and Brazilian law.  We continue to seek full recovery of the amounts owed by Cuisine Solutions do Brasil Ltda, including the loan of $763,000, and management and administrative fees of $895,000 according to the joint venture agreement.  The managing directors of Cuisine Solutions do Brasil Ltda, Jose Sanchez Aguayo and Rodrigo Sanchez, were named as nominal defendants in the lawsuit.  At the time of filing this Form 10-K, this case is still pending for mediation and/or a court hearing; therefore, management is unable to predict any possible outcome.  We have not accrued any potential income, gain or expense related to this matter.


There are no other material pending legal proceedings, other than ordinary, routine litigation incidental to the Company’s business, to which the Company or its subsidiary is a party or to which any of its property is subject.  Management does not believe that any amounts it may be required to pay by reason thereof will have a material effect on the Company's financial position or results of operations.


LEGAL PROCEEDINGS




In 1999, we became a minority partner and provided management services toward a Brazilian joint venture.  Over the next several years, we also contributed advances, accounts receivable for services performed and extended a loan.  At the end of fiscal year 2002, we filed a civil lawsuit in the Federal District Court of Brasilia against the controlling partner in this joint venture, as a result of the Brazilian partner’s failure to disclose financial information and operating results of Cuisine Solutions do Brasil Ltda to Cuisine Solutions Inc. according to both the joint venture agreement and Brazilian law.  We continue to seek full recovery of the amounts owed by Cuisine Solutions do Brasil Ltda, including the loan of $763,000, and management and administrative fees of $895,000 according to the joint venture agreement.  The managing directors of Cuisine Solutions do Brasil Ltda, Jose Sanchez Aguayo and Rodrigo Sanchez, were named as nominal defenda
nts in the lawsuit.  At the time of filing this Form 10-K, this case is still pending for mediation and/or a court hearing; therefore, management is unable to predict any possible outcome.  We have not accrued any potential income, gain or expense related to this matter.




There are no other material pending legal proceedings, other than ordinary, routine litigation incidental to the Company’s business, to which the Company or its subsidiary is a party or to which any of its property is subject.  Management does not believe that any amounts it may be required to pay by reason thereof will have a material effect on the Company's financial position or results of operations.




These excerpts taken from the FZN 10-K filed Sep 17, 2008.

LEGAL PROCEEDINGS


In 1999, we became a minority partner and provided management services toward a Brazilian joint venture.  Over the next several years, we also contributed advances, accounts receivable for services performed and extended a loan.  At the end of fiscal year 2002, we filed a civil lawsuit in the Federal District Court of Brasilia against the controlling partner in this joint venture, as a result of the Brazilian partner’s failure to disclose financial information and operating results of Cuisine Solutions do Brasil Ltda to Cuisine Solutions Inc. according to both the joint venture agreement and Brazilian law.  We continue to seek full recovery of the amounts owed by Cuisine Solutions do Brasil Ltda, including the loan of $763,000, and management and administrative fees of $895,000 according to the joint venture agreement.  The managing directors of Cuisine Solutions do Brasil Ltda, Jose Sanchez Aguayo and Rodrigo Sanchez, were named as nominal defendants in the lawsuit.  At the time of filing this Form 10-K, this case is still pending for mediation and/or a court hearing; therefore, management is unable to predict any possible outcome.  We have not accrued any potential income, gain or expense related to this matter.


There are no other material pending legal proceedings, other than ordinary, routine litigation incidental to the Company’s business, to which the Company or its subsidiaries is a party or to which any of its property is subject.  Management does not believe that any amounts it may be required to pay by reason thereof will have a material effect on the Company's financial position or results of operations.


LEGAL PROCEEDINGS




In 1999, we became a minority partner and provided management services toward a Brazilian joint venture.  Over the next several years, we also contributed advances, accounts receivable for services performed and extended a loan.  At the end of fiscal year 2002, we filed a civil lawsuit in the Federal District Court of Brasilia against the controlling partner in this joint venture, as a result of the Brazilian partner’s failure to disclose financial information and operating results of Cuisine Solutions do Brasil Ltda to Cuisine Solutions Inc. according to both the joint venture agreement and Brazilian law.  We continue to seek full recovery of the amounts owed by Cuisine Solutions do Brasil Ltda, including the loan of $763,000, and management and administrative fees of $895,000 according to the joint venture agreement.  The managing directors of Cuisine Solutions do Brasil Ltda, Jose Sanchez Aguayo and Rodrigo Sanchez, were named as nominal defenda
nts in the lawsuit.  At the time of filing this Form 10-K, this case is still pending for mediation and/or a court hearing; therefore, management is unable to predict any possible outcome.  We have not accrued any potential income, gain or expense related to this matter.




There are no other material pending legal proceedings, other than ordinary, routine litigation incidental to the Company’s business, to which the Company or its subsidiaries is a party or to which any of its property is subject.  Management does not believe that any amounts it may be required to pay by reason thereof will have a material effect on the Company's financial position or results of operations.




This excerpt taken from the FZN 10-Q filed May 15, 2008.

LEGAL PROCEEDINGS.


Neither we, nor our subsidiary are currently subject to any material legal proceeding, nor, to our knowledge, is any material legal proceeding threatened against us or our subsidiary.

 

This excerpt taken from the FZN 10-Q filed Jan 24, 2008.

LEGAL PROCEEDINGS.


Neither we, nor our subsidiary are currently subject to any material legal proceeding, nor, to our knowledge, is any material legal proceeding threatened against us or our subsidiary.

 

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