0001354488-11-004745.txt : 20111123 0001354488-11-004745.hdr.sgml : 20111123 20111123122532 ACCESSION NUMBER: 0001354488-11-004745 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111123 ITEM INFORMATION: Other Events FILED AS OF DATE: 20111123 DATE AS OF CHANGE: 20111123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROTATE BLACK INC CENTRAL INDEX KEY: 0001020477 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] IRS NUMBER: 753225181 STATE OF INCORPORATION: NV FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-44315 FILM NUMBER: 111224414 BUSINESS ADDRESS: STREET 1: 932 SPRING STREET STREET 2: SUITE 201 CITY: PETOSKEY STATE: MI ZIP: 49770 BUSINESS PHONE: 231 347-0777 MAIL ADDRESS: STREET 1: 932 SPRING STREET STREET 2: SUITE 201 CITY: PETOSKEY STATE: MI ZIP: 49770 FORMER COMPANY: FORMER CONFORMED NAME: BEVSYSTEMS INTERNATIONAL INC DATE OF NAME CHANGE: 20020416 FORMER COMPANY: FORMER CONFORMED NAME: AQUA CLARA BOTTLING & DISTRIBUTION INC DATE OF NAME CHANGE: 19971219 8-K 1 robk_8k.htm CURRENT REPORT robk_8k.htm
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________________
 
FORM 8-K
___________________
 
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
November 23, 2011
Date of report (Date of earliest event reported)
 
Rotate Black, Inc.
(Exact Name of Registrant as Specified in its Charter)
 
Nevada
  
0-14039
  
75-3225181
(State or Other Jurisdiction
  
(Commission
  
(I.R.S. Employer
of Incorporation)
  
File Number)
  
Identification No.)
 
932 Spring Street, Suite 201
PETOSKEY, MI 49770
(Address of Principal Executive Offices) (Zip Code)
 
231/347-0777
(Registrant's telephone number, including area code)
 
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 
 
 
 

Item 8.01    Other Events.

On October 25, 2010, an action was filed in the United States District Court, Western District of Michigan by The Sandesh Limited, the Plaintiff, against Rotate Black, Inc., Rotate Black LLC and a former employee, collectively, the Defendants. The Plaintiff alleged that as a condition to their purchase of 1,200,000 shares of Rotate Black, Inc. common stock, the Plaintiff had the right to require the Defendants to repurchase all or any portion of the shares.

On November 2, 2011, The United States District Court ruled in favor of Rotate Black, Inc. under summary judgment that Rotate Black, Inc. did not have any contractual obligation to repurchase the Sandesh Limited shares.

On November 23, 2011 all the parties entered into a settlement agreement whereby the lawsuit was dismissed and Rotate Black, Inc. was released of all claims.
 
Item 9.01   Financial Statements and Exhibits.
 
    None
 
 
 
 
 
 
 
SIGNATURES
 
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.
 
 
 
 
Rotate Black, Inc.
(Registrant)
  
       
Date: November 23, 2011
By:
/s/ JOHN C. PAULSEN
  
   
Name:  John C. Paulsen
  
   
Title:  Chief Executive Officer