Able Energy Inc - Current report filing (8-K)
12 1월 2008 - 6:28AM
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):
January 7, 2008
Able
Energy, Inc.
(Exact
name of registrant specified in charter)
Delaware
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001-15035
|
22-3520840
|
(State
of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer
|
|
|
Identification
No.)
|
198
Green Pond Road, Rockaway, NJ 07866
(Address
of principal executive offices) (Zip Code)
(973)
625-1012
Registrant’s
Telephone Number
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):
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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|
|
o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
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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))
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Item 8.01
Other
Events
On
Monday, January 7, 2008, the Company, its Chief Executive Officer, Gregory
D.
Frost, and its Vice-President of Business Development, Frank Nocito, were
served
with a summons and complaint in a purported class action complaint filed
in the
United States District Court, District of New Jersey. This action, which
seeks
class certification, was brought by shareholders of CCI Group, Inc. (“CCIG”).
The complaint relates to a Share Exchange Agreement (the “Share Exchange
Agreement”), dated July 7, 2006, between All American Properties (f/k/a All
American Plazas, Inc.) (“All American”) with CCIG, pursuant to which seventy
percent (70%) of the outstanding and issued shares of CCIG were exchanged
into
618,557 shares of the Company which were owned by All American of which 250,378
shares were to be distributed to the shareholders of CCIG and the balance
of the
shares were to be used to pay debts of CCIG. Neither the Company nor
Messrs. Frost or Nocito were parties to the Share Exchange Agreement. All
American remains the largest shareholder of the Company. The Share Exchange
Agreement was previously disclosed by the Company in its Current Report on
Form
8-K filed with the SEC on July 7, 2006 as part of a disclosure of a loan
by the
Company to All American.
Each
of
the Company and Messrs. Frost and Nocito believes it/he has defenses against
the
alleged claims and intends to vigorously defend itself/himself against this
action.
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 on this 11th day of January, 2008.
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ABLE
ENERGY, INC.
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By:
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/s/
Gregory D. Frost
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Name:
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Gregory
D. Frost
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Title:
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Chief
Executive Officer
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2
Able Energy (CE) (USOTC:ABLE)
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