UNITED
STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, DC 20549
FORM
8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF
1934
Date of Report (Date of earliest event reported): December
19, 2014
| mPHASE TECHNOLOGIES, INC. |
| (Exact Name of Registrant as Specified in Charter) |
| New Jersey | 000-24969 | 22-2287503 | ||
| (State or Other Jurisdiction of | (Commission File Number) | (IRS Employer | ||
| Identification No.) | Incorporation) |
| 587 Connecticut Ave., Norwalk, CT 06854-0566 |
| (Address of Principal Executive Offices) (ZIP Code) |
Registrant's telephone number, including area code: (203) 838-2741
Item 8.01 Other Events
On December 15, 2014, a Memorandum Opinion and Order
was issued by the United States District Court Northern District of Illinois Eastern Division granting the motion of John Fife,
plaintiff (“Plaintiff”), for summary judgment against mphase Technologies, Inc. (the “Company”) for breach
of contract (the “Opinion”). All other claims and counterclaims were dismissed.
The Company has commenced settlement negotiations with the Plaintiff and is exploring its options with regard to appeal; however,
there is no gurantee of success. In the event that the Company’s attempts to appeal or settle are unsuccessful, the Company
will be required to pay an amount approximating the total liabilities accrued on the Company’s balace sheet specifically
for this matter.
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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.
| mPHASE TECHNOLOGIES | ||
| By: | /s/ Martin S. Smiley | |
| Martin S. Smiley | ||
| Executive Vice President, | ||
| Chief Financial Officer and | ||
| General Counsel | ||
Date: December 19, 2014
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