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Item 8.01 Other Events

BANKRUPTCY COURT DISMISSES INVOLUNTARY PETITION AGAINST LUXEYARD, INC.

Los Angeles, CA - April 15, 2012 - LuxeYard, Inc. (LUXR) announces that the United States Bankruptcy Court for the Central District of California summarily dismissed the involuntary bankruptcy petition filed against it.

Responding to Bankruptcy Judge Barry Russell's inquiry, LuxeYard, Inc.'s attorney, Steven Fox, Esq. , advised that LuxeYard, Inc. will be seeking actual, compensatory, and punitive damages against the parties that filed and joined in the involuntary petition, pursuant to Bankruptcy Code Section 303(i) and all other applicable law.