OLB GROUP, INC. - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - November 3, 2011

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v2.3.0.15
GAIN ON SETTLEMENT OF A LAWSUIT
9 Months Ended
Sep. 30, 2011
GAIN ON SETTLEMENT OF A LAWSUIT
NOTE 8
GAIN ON SETTLEMENT OF A LAWSUIT

In February 2010 the Company received $175,000, less $88,113 in attorney fees, as settlement of a lawsuit that was filed in a previous year. The proceedings were initiated due to non-performance of a consulting agreement between the Company and the plaintiff. With receipt of the settlement all further legal action has been dismissed.

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