Current Report Filing (8-k)
November 03 2016 - 5:04PM
Edgar (US Regulatory)
UNITED STATES
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):
October 28, 2016 (November 3, 2016)
Blue Sphere Corporation
(Exact name of registrant as specified in its
charter)
Nevada
|
|
000-55127
|
|
98-0550257
|
(State or other jurisdiction of incorporation)
|
|
(Commission File Number)
|
|
(IRS Employer Identification No.)
|
301 McCullough Drive, 4th Floor, Charlotte,
North Carolina 28262
(Address of principal executive offices) (Zip
Code)
704-909-2806
(Registrant’s telephone number, including
area code)
_____________________________________________________
(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 (see General Instruction
A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
As used in this Current Report, all references
to the terms “we”, “us”, “our”, “Blue Sphere” or the “Company” refer
to Blue Sphere Corporation and its wholly-owned subsidiaries, unless the context clearly requires otherwise.
Item 8.01. Other Items
On October 22, 2016, the law firm of JS Barkats
PLLC filed a complaint against the Company and Shlomo Palas, the Company’s Chief Executive Officer, seeking allegedly unpaid
legal fees for services rendered from June 9, 2011 through April 23, 2012 in the amount of USD $428,964.70, plus interest for a
total of USD $652,000 (the “Barkats Litigation”). The Barkats Litigation was filed as
JS Barkats PLLC v. Blue Sphere
Corporation and Shlomo Palas
with the Supreme Court of the State of New York for the County of New York (the “New York
Court”), Index No. 655600/2016. On October 26, 2016, without notice to the Company or Mr. Palas or an opportunity to be heard,
the New York Court issued a Temporary Restraining Order (the “TRO”) in favor JS Barkats PLLC, prohibiting the Company
and Mr. Palas from “transferring or dissipating their assets … to the extent of $652,000”, pending the return
date of JS Barkats PLLC’s asset attachment motion, due November 17, 2016. On October 28, 2016, the Company received notice
of the foregoing.
On October 31, 2016, the Company removed the
Barkats Litigation to federal court, filed as
JS Barkats PLLC v. Blue Sphere Corporation and Shlomo Palas
with the United
Stated District Court, Southern District Court of New York, Docket No. 1:16-cv-08404.
The Company terminated the services of JS Barkats
LLC in 2012 and believes the claims brought by JS Barkats PLLC are without merit, that the TRO was improvidently granted, and that
JS Barkats PLLC misrepresented, mischaracterized and omitted material facts and the law in seeking the TRO. The Company intends
to rigorously defend against the Barkats Litigation, the TRO and any other attempts to attach the assets of the Company.
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.
|
Blue Sphere Corporation
|
|
|
|
|
|
|
Dated: November 3, 2016
|
By:
|
/s/ Shlomi Palas
|
|
|
Name: Shlomi Palas
|
|
|
Title: President and Chief Executive Officer
|
Blue Sphere (CE) (USOTC:BLSP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Blue Sphere (CE) (USOTC:BLSP)
Historical Stock Chart
From Jul 2023 to Jul 2024