This excerpt taken from the TRLG 8-K filed May 5, 2005.
Item 1.02. Termination of a Material Definitive Agreement
On April 28, 2005 Guru Denim, Inc., our wholly-owned subsidiary, gave notice to The Indigo Group USA Inc. that it has terminated the Manufacturers Agreement dated September 15, 2004, between Guru Denim Inc. and The Indigo Group USA, Inc. In the letter, Guru Denim informed The Indigo Group USA, Inc. that the termination of the Manufacturers Agreement was for cause due to the Indigo Groups failure to cure multiple defaults under the Manufacturers Agreement of which it was given prior written notice. In a written response dated April 28, 2005, the Indigo Group denies that it has defaulted under the Manufacturers Agreement and alleges that Guru Denim has breached the Manufacturers Agreement. The Indigo Group has demanded that the dispute be submitted to arbitration pursuant to the terms of the Manufacturers Agreement.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TRUE RELIGION APPAREL, INC.
Charles Lesser, CFO
Date: May 5, 2005