If Carlton Johnson works for Roswell Partners and Roswell was named in a complaint filed by Alternative Construction in 2008, would this mean that he was involved in a legal proceeding that would be material to an evaluation of his ability or integrity to become a director (again)?

From Last year’s proxy

Transactions With Directors, Executive Officers and Principal Stockholders

The Audit Committee reviews and approves all transactions between us and any of our directors, executive officers, director nominees or any immediate family member of any such person.

There were no transactions, or series of transactions during the fiscal year ended May 31, 2009, nor are there any currently proposed transactions, or series of transactions, to which we are a party, in which the amount exceeds $120,000, and in which to our knowledge any director, executive officer, nominee, five percent or greater stockholder, or any member of the immediate family of any of the foregoing persons, has or will have any direct or indirect material interest.

During the past five years, no current director, executive officer or nominee for the Board has been involved in any legal proceedings that are material to an evaluation of their ability or integrity to become our director or executive officer.

Alternative Construction Tech Inc. Files Suit Against Investors In Federal Court
Tuesday, 2 Dec 2008 05:00pm EST

Alternative Construction Tech Inc. announced that it has filed a complaint against Roswell Capital Partners and Centre Court Asset Management, along with their respective funds, BridgePointe Master Fund, Ltd., CAMOFI Master LDC, and CAMHZN Master LDC (the Investors) in New York Federal Court. The Company seeks a declaratory judgment against the Investors for alleged breach of contract and breach of fiduciary responsibilities by committing violations of the Federal Securities Act of 1933 and 1934 as amended, predatory investment banking practices, illegal trading activity, lender liability, negligence of the Entire Fairness Standard and committing several other malicious and tortuous actions. The Company alleges in its complaint that the Investors improperly contacted customers hindering its ability to operate its business in the normal course. The Company also alleges it was induced into entering agreements the Investors knew they were unable or unwilling to perfect, attempted collusion on several occasions and attempted undue influence of its board members to take certain actions in order for the Investors to gain control over the Company.

http://www.reuters.com/finance/stocks/keyDevelopments?rpc=66&symbol=ACCY.PK&timestamp=20081202220000