In March, a complaint was filed alleging violations of the federal securities laws by Orange 21, Inc. and certain of its officers and/or directors. The class action was commenced in the United States District Court for the Southern District of California on behalf of purchasers of Orange 21 securities pursuant to the Company's Registration Statement and Prospectus issued in connection with its initial public offering.

Finkelstein & Krinsk, LLP, following the filing of its complaint on behalf of Memphis Capital Partners, LLC (“Memphis Capital”), is in the process of now petitioning the Court for Memphis Capital to be appointed Lead Plaintiff. The firm is aparently looking for any other entity that wishes to similarly be represented and apply to be appointed Lead Plaintiff.