AFFI.OB > SEC Filings for AFFI.OB > Form 8-K on 24-Oct-2007 All Recent SEC Filings
AFFI.OB > SEC Filings for AFFI.OB > Form 8-K on 24-Oct-2007 All Recent SEC FilingsShow all filings for AFFINITY TECHNOLOGY GROUP INC | Request a Trial to NEW EDGAR Online Pro
Form 8-K for AFFINITY TECHNOLOGY GROUP INC
24-Oct-2007
Other Events, Financial Statements and Exhibits
Item 8.01. Other Events
On October 23, 2007 Affinity Technology Group, Inc. ("the Company") issued a press release announcing that The Supreme Court of South Carolina has issued an order denying the Company's Petition for Writ of Certiorari relating to the Company's lawsuit with Temple Ligon. The Company had previously filed the petition in an attempt to have the reinstatement by the South Carolina Court of Appeals of a jury verdict in the amount of $382 thousand overturned. The jury verdict resulted from a January 2004 trial in which Mr. Ligon claimed that Affinity and its founder, Jeff Norris, breached an agreement to give him a 1% equity interest in the Company in consideration for services he claimed to have performed in 1993 and 1994. Mr. Ligon sought damages of $5.4 million. The jury verdict of $382 thousand was set aside by the trial judge in July 2004 and Mr. Ligon appealed the trial judge's ruling to the South Carolina Court of Appeals. A copy of this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit 99.1 Press release issued by Affinity Technology Group, Inc. dated October 23, 2007.
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