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 1934
Date of Report (Date of earliest event reported) : June 11, 1999
_______________
MEDICAL DEVICE ALLIANCE INC.
(Exact name of Registrant as specified in its charter)
Nevada 0-24979 88-0345058
(State or 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
(Registrant's telephone number, including area code)
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
On June 29, 1999, the District Court of Clark County, Nevada,pursuant to a
hearing on the Robert Ahr, et. al., vs. Medical Device Alliance Inc. civil
action, granted the plaintiffs' motion and appointed George C. Swarts as
Receiver with full power for the Company and all of its subsidiaries and
affiliates. The Court also ordered that Mr. Swarts file a $2,000,000 bond with
the clerk of the Court and appear on August 31, 1999 to provide a status
report to the Court of the receivership. The Court further ordered that the
Special Litigation Committee of the Company's Board of Directors provide
copies of its report to the Court and all parties within thirty days. The
plaintiffs' motion for just accounting was dismissed.
ITEM 5. OTHER EVENTS
At a hearing held on June 11, 1999, in an action filed by Misonix, Inc.
(Nasdaq:MSON) against Medical Device Alliance Inc. (the "Company") and its
wholly-owned subsidiary, LySonix Incorporated ("LySonix"), the Company agreed
to the granting of a preliminary injunction pending the resolution of writ of
possession issues. Accordingly, on June 15, 1999, the Court issued an Order
to, among other things, (1) enjoin and restrain the Company and LySonix from
selling, marketing or otherwise using the aspirators or its liposonic
technology pending the determination of a writ of possession by the Court,
(2) allow Misonix to inspect and audit the records of the Company pertaining
to the aspirators and (3) have the Company and LySonix disclose the location
of and allow access to the aspirators for inspection by Misonix. In its
action filed in the United States District Court for the District of Nevada,
Misonix seeks, among other things, damages for breach of contract relating to
the terminated license agreement covering the Misonix ultrasonic soft tissue
aspirator, enforcement by a writ of possession of the security interest in
the aspirators held by LySonix, recovery of more than $2,000,000 of amounts
owed and restraint from further sales of the aspirator by the Company and
LySonix.
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: July 8, 1999 By: /s/ Charles E. Barrantes
Executive Vice President and
Chief Financial Officer
