Quarterly report pursuant to Section 13 or 15(d)

28. Subsequent Event

v3.19.2
28. Subsequent Event
6 Months Ended
Jun. 29, 2019
Subsequent Events [Abstract]  
Subsequent Events

Note 28:       Subsequent Events

 

Lawsuit – Trustee Main/270, LLC

 

On or about July 22, 2019, Trustee Main/270, LLC filed a lawsuit against ApplianceSmart, Inc. and ARCA in the Franklin County Common Pleas Court in Columbus, Ohio, alleging, with respect to ApplianceSmart, default under a lease agreement and, with respect to ARCA, guaranty of lease. The complaint seeks damages of $1,530,115, attorney fees, and other charges.  ARCA is assessing all appropriate defenses to these allegations and intends to defend itself vigorously.