SOURCE: Wildish and Nialis

August 16, 2007 14:08 ET

Cal-Bay International Inc.'s Assets Are Frozen Pursuant to a Temporary Protective Order

ORANGE, CA--(Marketwire - August 16, 2007) - On August 14, 2007 Plaintiff Edgewater Homes, LLC, in an Orange County Superior Court Case titled Edgewater Homes, LLC v. Cal-Bay International Inc., et al. OCSC Case Number 07CC08736, successfully obtained an ex-parte temporary protective order restricting the sale of any assets of Cal-Bay International, Inc. (PINKSHEETS: CBAY).

Edgewater Homes, LLC brought its complaint against Cal-Bay International, Inc. to enforce the provisions of a corporate guarantee for which Edgewater claims that Cal-Bay is responsible for a guaranteed payment on a multi-million dollar estate home in Huntington Harbor. The Complaint seeks to enforce the corporate guarantee. Liability under the guarantee is expected to exceed $800,000.

To date, defendant Cal-Bay International, Inc. has not responded to the litigation The ex-parte temporary protective order extends to all of Cal-Bay International, Inc.'s current assets.

For more information contact Jason A. Savlov, Esq. or Daniel R. Wildish, Esq. of Wildish and Nialis, a full service Real Estate and Business litigation firm at 500 N. State College Boulevard, Suite 1200, Orange, CA 92868. 714-634-8001

Contact Information

  • Contact:
    Jason A. Savlov, Esq.
    Daniel R. Wildish, Esq.
    Wildish and Nialis
    500 N. State College Boulevard, Suite 1200
    Orange, CA 92868