UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 193Date of Report (Date of earliest event reported) :
March 19, 1999
MEDICAL DEVICE ALLIANCE INC.
(Exact name of Registrant as specified in its charter)
Nevada 0-24979 88-0345058
(State of other jurisdiction (Commission (IRS Employer
of incorporation or File No.) Identification No.)
organization)
3800 Howard Hughes Parkway, Suite 1800, Las Vegas, Nevada 89109
(Address of principal executive offices, including zip code)
(702) 791-2910
(Company's telephone number, including area code)
ITEM 5. OTHER EVENTS
On March 19, 1999, certain shareholders of Medical Device
Alliance Inc. (the Company) filed a civil action in the District
Court of Clark County, Nevada (the State Court). This action,
Robert Ahr, et. al., vs. Medical Device Alliance Inc., alleges,
among other things, misrepresentations and omissions in a Private
Placement Memorandum dated April 15, 1997, and accompanying
documents, through which the Company offered to sell its shares
of Series A Preferred Stock to potential investors, including the
plaintiffs; and fraudulent diversion, misapplication, concealment
and waste of Company assets. The plaintiffs seek, among other
things, the appointment of a receiver for the Company, a just
accounting and statement of all transactions and financial
activities of the Company and recovery of reasonable costs and
fees incurred in this action.
On April 2, 1999, the Company filed a notice of removal from the
State Court to the United States District Court for the District
of Nevada (the "Federal Court") and, on April 9, 1999, filed a
motion to dismiss the action with the Federal Court.
Management of the Company believes that this action is without
merit and intends to vigorously defend against it.
SIGNATURE
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.
MEDICAL DEVICE ALLIANCE INC.
Dated: April 16, 1999
By: /s/ Donald K. McGhan
Chairman, Chief Executive
Officer and President
