-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GNs9CCkwj+6j+YH29jj4jUojxRyXoWhU8i/L0P6OwoQ7tcAv82eXyZZB8FeP7rOb srIMzofIz2QcuAuem99KUw== 0000950109-96-002213.txt : 19980423 0000950109-96-002213.hdr.sgml : 19980423 ACCESSION NUMBER: 0000950109-96-002213 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960409 ITEM INFORMATION: FILED AS OF DATE: 19960417 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHOICES ENTERTAINMENT CORP CENTRAL INDEX KEY: 0000822935 STANDARD INDUSTRIAL CLASSIFICATION: 7841 IRS NUMBER: 521529536 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-17001 FILM NUMBER: 96547934 BUSINESS ADDRESS: STREET 1: 81 BIG OAK RD STREET 2: STE 205 CITY: MORRISVILLE STATE: PA ZIP: 19067 BUSINESS PHONE: 2154281000 MAIL ADDRESS: STREET 1: 81 BIG OAK RD SUITE 205 CITY: MORRISVILLE STATE: PA ZIP: 19067 FORMER COMPANY: FORMER CONFORMED NAME: DATAVEND INC DATE OF NAME CHANGE: 19900401 8-K 1 FORM 8-K 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 Date of Report (Date of earliest event reported): April 9, 1996 ---------------------------- Choices Entertainment Corporation - - - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 0-17001 52-1529536 - - - -------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission (IRS Employer Of Incorporation) File Number) Identification No.) 220 Continental Drive, Suite 102, Newark, Delaware 19713 - - - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (302) 366-8684 ---------------------------- - - - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. On April 9, 1996, a lawsuit was filed against Choices Entertainment Corporation (the "Company") in the Superior Court of California, County of Los Angeles, entitled Gary N. Gibbs, et al. v. Choices Entertainment Corporation, et -------------------------------------------------------------- al., No. BC147815, by certain individuals who allegedly purchased or purchased - - - --- and sold securities of the Company. It is alleged in the complaint that the Company made false and misleading statements in public communications and in reports filed with the Securities and Exchange Commission. Also named as defendants in the complaint are the members of the Board of Directors, a former director and certain law firms which represented the Company. Plaintiffs are seeking monetary damages in an amount to be determined, but exceeding $25,000, plus attorney's fees, costs of suit and such other relief as the Court deems just. The plaintiffs are primarily the same individuals who, as previously reported, had made a claim in excess of $325,000, exclusive of attorneys' fees, against the Company, with regard to substantially the same allegations as now set forth in the complaint. The Company does not believe that there is any merit to the lawsuit filed against it and intends to contest it vigorously. However, if the Company is unsuccessful in defending the lawsuit, the Company would not presently be able to satisfy an award of damages in the amount claimed, which judgment would, if enforced, materially and adversely affect the Company's business. Furthermore, even if the Company is successful in defending the lawsuit, the cost alone in professional fees could materially and adversely affect the Company's business. SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CHOICES ENTERTAINMENT CORPORATION (Registrant) Date: April 17, 1996 By: /s/ Ronald W. Martignoni --------------------------------- Ronald W. Martignoni Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----