Contingencies (Details Narrative 3) (USD $)
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9 Months Ended |
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Sep. 30, 2012
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Litigation filed by BioZone Pharmaceuticals, Inc
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Loss Contingencies [Line Items] | |
Name of Plaintiff | BioZone Pharmaceuticals, Inc |
Name of Defendant | Daniel Fisher and 580 Garcia Properties, LLC |
Domicile of Litigation | Supreme Court of the State of New York, County of New York |
Case Number | No. 652489/2012 |
Lawsuit Filing Date | 18-Jul-12 |
Allegations | Alleging breach of contract, breach of fiduciary duty, negligence, and fraud claims arising from Fishers former role as an officer and director of the company |
Damages Sought | The Company is seeking $2 million in damages, together with the cancellation of 6.65 million shares of the Companys stock, and Fishers forfeiture of property located at 580 Garcia Avenue, Pittsburg, CA, which property is used by the Company as a warehouse facility. |
Litigation filed by Daniel Fisher
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Loss Contingencies [Line Items] | |
Name of Plaintiff | Daniel Fisher |
Name of Defendant | BiZone Pharmaceuticals, Inc., Elliot Maza, Brauser Honig Frost Group, Michael Brauser, Barry Honig, and The Frost Group LLC |
Domicile of Litigation | United States District Court, Northern District of California |
Case Number | No. 12-03716 |
Lawsuit Filing Date | 16-Jul-12 |
Allegations |
Fisher asserts claims for breach of contract, conversion, wrongful termination, and unjust enrichment, and violation of the federal whistleblower statute arising from his former role as an officer and director of the Company and certain contractual agreements that he entered into with the Company. |
Damages Sought, Value | 23,000,000 |
Actions Taken by Defendant | The Company disputes Fishers allegations, intends to vigorously defend them, and has filed an action against Fisher in New York. |
Litigation filed by Aphena Pharma Solutions – Maryland, LLC f/k/a Celeste Contract Packaging, LLC
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Loss Contingencies [Line Items] | |
Name of Plaintiff | Aphena Pharma Solutions Maryland, LLC f/k/a Celeste Contract Packaging, LLC |
Name of Defendant | BioZone Laboratories, Inc. and BioZone Pharmaceuticals, Inc. and Daniel Fisher |
Domicile of Litigation | DISTRICT COURT FOR THE DISTRICT OF MARYLAND NORTHERN DIVISION |
Case Number | Case 1:12-cv-00852-WDQ |
Lawsuit Filing Date | 19-Mar-12 |
Allegations | Alleges breach of contract and other commercial wrongdoing in connection with a single purchase order issued during early 2010 relating to the development of certain over the counter products to treat cough and cold symptoms. |
Damages Sought | Although the complaint does not specify the amount of plaintiffs alleged monetary damages, plaintiffs payment associated with the purchase order was less than $190,000. |
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Describe actions taken by the defendant in the legal matter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Presents an assertion of a fact by a plaintiff in a pleading or complaint, which the plaintiff claims it will prove upon presentation of evidence at the proceeding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Describes the form and magnitude of the award the plaintiff seeks in the legal matter, which may include an unspecified amount of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The value (monetary amount) of the award the plaintiff seeks in the legal matter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Identifies the domicile or jurisdiction of the court of law, arbitration or mediation proceeding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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States the date the complaint was formally filed in a court of law, in arbitration or mediation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Identifies the named defendant in a lawsuit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Identifies the plaintiff in the lawsuit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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