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Short Take: StreamLogic sues for time

StreamLogic filed suit against United Equities to invalidate an acceleration of $4.8 million of StreamLogic's six-percent convertible subordinated debentures (notes that can be converted into common stock) still outstanding. United Equities has demanded interest and payment of the debentures, originally due on September 15, immediately.

StreamLogic filed suit against United Equities to invalidate an acceleration of $4.8 million of StreamLogic's six-percent convertible subordinated debentures (notes that can be converted into common stock) still outstanding. United Equities has demanded interest and payment of the debentures, originally due on September 15, immediately.