CURRENT
REPORT FOR ISSUERS SUBJECT TO THE
1934
ACT REPORTING REQUIREMENTS
FORM
8-K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Date of
Event: January 8, 2010 (date of earliest event reported)
JUNIPER GROUP,
INC,
(Exact
name of registrant as specified in its charter)
Nevada
(State or
other jurisdiction of incorporation or organization)
|
0-19170
(Commission
File Number)
|
11-2866771
(IRS
Employer Identification Number)
|
20283 State Road 7, Suite
300, Boca Raton, Florida 33498
(Address
of principal executive offices)
(561)
807-8990
(Registrant's
telephone number, including area code)
ITEM
8.01 Other Events
On
November 9, 2009 Juniper Group, Inc. (the “Company”) filed a notice on Form 8-K
disclosing receipt of a letter labeled as a default notice regarding its
Callable Secured Convertible Notes (the “Notes” ) on behalf of AJW Partners,
LLC, AJW Partners II, LLC, New Millennium Capital Partners III, LLC, AJW
Offshore, Ltd., AJW Offshore II, Ltd., AJW Qualified Partners II, LLC, AJW
Master Fund, Ltd., AJW Master Fund II, Ltd., and AJW Qualified Partners, LLC
(the “Holders”), in which it was asserted that the Company is in default of the
Notes. The letter states that as a result of the defaults
the Holders were accelerating the Notes and demanding payment of the outstanding
balances.
On December 22, 2009 the Company
received a Complaint filed by the Holders in the Supreme Court of the State of
New York, County of New York (Index No. 603872/07) alleging that the Company has
breached the Notes by not honoring the Holders’ conversion rights under the
Notes. The Company intends to vigorously defend these actions and believes it
has good defenses and cause for cross complaints against the
Holders.
On January 5, 2010, the Company removed
the case to the United States District Court for the Southern District of New
York under Civil Case No. 10 Civ. 0046 (PKC). Plaintiffs have moved
for a preliminary injunction to compel the company to honor certain disputed
notices of conversion. The company intends to oppose the application
for preliminary relief.
|
ITEM
9.01.
|
Financial
Statements and Exhibits
|
|
|
None.
|
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.
Dated
this 11th day of January 2010.
Juniper
Group, Inc.
\s\ Vlado
P. Hreljanovic
Vlado P.
Hreljanovic, President
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