Actually, there are two pending ARC legal cases; one is a collection action by the secured bank lender and the other is a state court receivership under which the court appointed receiver is trying to sell the company as a going concern. On May 22 the court granted the receiver a stay of all creditor legal actions, including the bank's, through August 1 to give the receiver more time to try to get a deal done. As of this writing, nothing had been filed since then in either case so there is no deal yet.
