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Barbone and Carley State DeBaene Denied Lifting of Temporary Restraining Order.


Business Editors, Legal Writers

HACKENSACK, N.J.--(BUSINESS WIRE)--March 13, 2001

In the Superior Court of New Jersey, Bergen County the lawsuit filed by Camille M. Barbone and Tom Carley against David DeBaene as President, CEO/Director, the officers and the Directors of Open Door Online, Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB:NTER) continued. This action is brought by Barbone and Carley individually, as a class and derivatively on behalf of the corporation. While maintaining an office in Coventry, RI, Open Door Online, Inc. is a New Jersey corporation that is publicly traded over-the-counter on the NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
.

After a brief hearing, Superior Court Judge Gerald Escala refused to lift the restraining order restraining order: see injunction.  that restricts DeBaene and the other members of the Board of Directors from "... transacting any corporate business which is not in the ordinary course including, but not limited to, any merger, sale or acquisition of the corporation and any sale, transfer, pledge, assignment, hypothecation HYPOTHECATION, civil law. This term is used principally in the civil law; it is defined to be a right which a creditor has over a thing belonging to another, and which consists in the power to cause it to be sold, in order to be paid his claim out of the proceeds.  or alienation of corporate assets or issuing any further stock, warrants, options or converting restricted stock to free trading stock until further order of the Court."

The Plaintiffs intend to file an amended complaint amended complaint n. what results when the party suing (plaintiff or petitioner) changes the complaint he/she has filed. It must be in writing, and can be done before the complaint is served on any defendant, by agreement between the parties (usually their lawyers),  with the court by Friday, March 16, 2001, which alleges violations of the specific terms and conditions of the restraining order as well as additional causes of action. The court has set March 22, 2001 as the next hearing date.

For further information please contact the attorneys for Camille M. Barbone and Tom Carley:

Milazzo, Fortunato, McCann & Murray, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 15 Warren Street, Suite 20 Hackensack, New Jersey 07601 (201) 343-7070 (Telephone) (201) 343-7916 (Facsimile) E-Mail: MFMLAWYERS@cs.com
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 13, 2001
Words:266
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