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SUBSEQUENT EVENT
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12 Months Ended | ||
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Sep. 30, 2014
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| SUBSEQUENT EVENT [Abstract] | |||
| SUBSEQUENT EVENT |
On November 17, 2014, the Company entered into a Release, Settlement Agreement, and Covenant Not To Sue (the "Settlement Agreement"), which concludes litigation arising out of allegations initiated against Harry Pontone, Scott Pontone, Pontone Casket Company and Batesville Casket Company ("Batesville"). Under the terms of the Settlement Agreement, Batesville will pay $17,000 in one lump sum payment to the Company and an additional $1,750 for attorney fees of Harry and Scott Pontone, for a total settlement value of $18,750. The Settlement Agreement contains customary mutual releases of claims.
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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