Securities
and Exchange Commission
Washington,
D.C. 20549
Form
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of
Report (Date of earliest event reported):
October
4, 2007
Cadiz
Inc.
(Exact
name of Registrant as specified in its charter)
Delaware
(State
or other jurisdiction of incorporation)
0-12114
77-0313235
(Commission
File Number) (IRS Employer Identification No.)
550
South
Hope Street, Suite 2850, Los Angeles 90071
(Address
of principal executive offices) (Zip
Code)
Registrant's
telephone number, including area code: (213) 271-1600
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[
] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
ITEM
8.01 Other
Events
On
October 4, 2007, a tentative ruling was issued on Motions for Summary
Judgment/Adjudication ("Motions") in the lawsuit of Cadiz Inc. (“Cadiz” or “the
Company”) against the Metropolitan Water District of Southern California
(“Metropolitan”) in Los Angeles Superior Court. The tentative ruling (which,
unlike a final ruling, is not legally binding) was issued prior to the October
4, 2007 scheduled hearing on the Motions. At the hearing, the Company and
Metropolitan presented oral arguments that the court will take under advisement
while considering a final ruling on the Motions.
The
tentative ruling would dismiss the Company’s contractual claims for express
contract, implied contract, specific performance and promissory estoppel,
but
would not dismiss the Company’s cause of action for breach of fiduciary duty. If
the tentative ruling stands, the case will move forward to trial on the breach
of fiduciary duty claim. After the final ruling is issued, the Company will
consider all of its options.
SIGNATURES
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.
Cadiz
Inc.
By:
/s/
O'Donnell Iselin
II
O'Donnell
Iselin II
Chief
Financial Officer
Dated:
October 5, 2007