UNITED STATES

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): ~~May~~September 1418, 2007

CHADMOORE WIRELESS GROUP, INC.

(Exact name of registrant as specified in its charter)

Colorado	0-20999	84-1058165
(State or other jurisdiction of	(Commission File Number)	(I.R.S. Employer
Incorporation or organization)		Identification No.)

PMB# 101 2211 North Rampart Boulevard, Las Vegas, NV 89128-7640

(Address of principal executive offices) (Zip Code)

(702) 740-5633

(Registrant’s telephone number, including area code)

(Former Name or Former Address, if Changed Since Last Report)

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))

INFORMATION TO BE INCLUDED IN THE REPORT

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Chadmoore has agreed to continue to compensate Gary Stanford and Gil Labrucherie for their continued service as board members at the rate of $1,750 per month, effective March 1, 2007. In addition, effective May 1, 2007, Richard Brenner will also be paid for his service as a board member at the rate of $1,750 per month.

In addition, Chadmoore has reduced the compensation paid to The Brenner Group, Inc. for the services of Mr. Brenner as interim President and Chief Liquidating Officer to $350 per hour, effective May 1, 2007. This compensation is related to Mr. Brenner’s services as interim President and Chief Liquidating Officer and is in addition to Mr. Brenner’s service and compensation as a board member.

Item 7.01. Regulation FD Disclosure.

AsCash of June 30, 2007, Chadmoore’s cash balance was approximately $1,862,000. Chadmoore’s current monthly expenses are approximately $38,000 per month, including fixed expenses of approximately $5,000 and fees for professional services of approximately $33,000. In addition, Chadmoore continues to expect to incur significant additional legal fees defending the following litigation matters: (1) IBF Liquidating Fund LLC and (2) American Tower Corporation, both as previously reported in Chadmoore’s periodic reports filed with the Securities and Exchange Commission. Litigation is very expensive and the outcome uncertain. As a result, Chadmoore cannot estimate the amount of expenses to be incurred or the amount of liability, if any, in connection with these matters.Balance

As of October 31, 2007, following the payments disclosed below, Chadmoore Wireless Group, Inc.’s cash balance was approximately $380,000. Chadmoore’s current monthly expenses are approximately $36,000 per month, including fixed expenses of approximately $8,000 and fees for professional services of approximately $28,000.

Payment of Stay Put Bonuses

Pursuant to a retention program adopted by Chadmoore Wireless Group, Inc. (“Chadmoore”) on October 19, 2003, Gil Labrucherie and Gary Stanford earned bonuses of $75,000 each by serving as directors of Chadmoore through February 2007. These bonuses were placed into escrow pending conclusion of Chadmoore’s litigation proceedings. Given the settlement of the legal proceedings as disclosed below, Chadmoore intends to notify the escrow agent to release these bonuses to Mr. Labrucherie and Mr. Stanford.

Final Distribution

The Board of Directors intends to meet in mid-November, at which point the Board of Directors intends to determine the timing and estimated amount of a final distribution to shareholders, if any.

Item 8.01. Other Events.

~~Legal~~IBF ~~Proceeding with IBF Fund Liquidating LLC~~Settlement

~~Background~~On September 18, 2007, the United States Bankruptcy Court, Southern District of New York (the “Court”) approved the Settlement Agreement (the “IBF Settlement Agreement”) between IBF Fund Liquidating LLC (“IBF”) and Chadmoore. The IBF Settlement Agreement resolves Chadmoore’s and IBF’s claims against each other in IBF Fund Liquidating LLC v. Chadmoore Wireless Group Inc. et. al, (Adv. Pro. No. 07-01482 (BRL)) (Case No. 02-41590 (BRL)) (the “Proceeding”).

The ~~background~~terms of to the ~~legal~~IBF ~~proceeding~~Settlement ~~discussed~~Agreement ininclude ~~this~~IBF’s ~~Current~~and ~~Report~~Chadmoore’s onagreement ~~Form~~to ~~8-K~~dismiss their claims against one another, Chadmoore’s agreement to pay IBF ~~was~~$750,000, ~~disclosed~~a inmutual release, and Chadmoore’s ~~Current~~assignment ~~Reports~~to onIBF ~~Form~~of ~~8-K~~any ~~filed~~claims ~~November 17,~~it ~~2006,~~may ~~February~~have ~~23,~~against ~~2007~~Robert ~~and May 2~~Moore, ~~2007~~Stephen ~~(collectively~~Radusch, ~~the~~and ~~“Prior~~other designated ~~Reports”)~~parties. ~~Please~~Chadmoore ~~review~~paid the ~~Prior~~settlement ~~Reports~~amount ~~previously~~above ~~filed~~to ~~with~~IBF ~~the~~on ~~Securities~~September 19, 2007 and ~~Exchange~~discharged ~~Commission~~its duties under the IBF Settlement Agreement.

~~As explained in the Prior Reports, the purported transaction described in the Prior Reports was not approved by~~ Chadmoore~~’s board of directors and the independent~~ ~~board members were not aware of this transaction at the time of its execution. The board of directors has not subsequently ratified the purported transaction and~~ does not intend to doprovide ~~so. The~~further ~~independent~~updates ~~board~~concerning ~~members are not~~the ~~aware that Chadmoore received any consideration or benefit for purportedly entering into the transaction~~Proceeding.

The bankruptcy proceeding discussed in the Prior Reports is filed in the United States Bankruptcy Court, Southern District of New York and is named In re: Interbank Funding Corp, et. al., Case No. 02-41590 (BRL) and the legal proceeding related to Chadmoore described in the Prior Reports is named IBF Fund Liquidating LLC v. Chadmoore Wireless Group Inc., Chadmoore Shareholder Liquidating Trust, Robert Moore and Stephen ~~Radusch, Adv. Pro. No. 07-01482~~ ~~(BRL).~~Radusch

~~Summary~~On ~~Judgment~~October 2, 2007, the Court approved the Settlement Agreement between Mr. Radusch, Chadmoore’s former Chief Financial Officer, and IBF whereby Mr. Radusch, among other things, agreed to individually pay IBF $125,000 and assigned to IBF his right to receive any future payments from Chadmoore, including shareholder distributions.

~~On June 25, 2007, Chadmoore filed a motion for summary judgment on all claims against the IBF Fund Liquidating LLC,~~ Robert ~~Moore, Chadmoore’s former Chief Executive~~ ~~Officer, and Stephen Radusch, Chadmoore’s former Chief Financial Officer.~~Moore

~~Chadmoore~~On ~~intends~~October to9, ~~continue~~2007, the Court granted partial summary judgment to: (1) Mr. ~~vigorously~~Moore, ~~defend~~Chadmoore’s ~~its~~former ~~rights~~Chief inExecutive ~~this~~Officer, on a claim brought ~~matter~~against him by IBF; and (2) IBF on a claim brought by IBF against Mr. Moore. ~~Chadmoore~~The ~~continues~~Court toordered ~~believe~~Mr. ~~that~~Moore to pay IBF ~~Fund~~$1,675,000 ~~Liquidating~~($2,500,000 ~~LLC’s~~less ~~claims~~amounts ~~against~~paid by Chadmoore and Mr. Radusch in settlement). Mr. Moore has appealed this ruling. The remaining claims are pending. The ~~without~~Court ~~bases~~has found Mr. Moore to be in ~~fact~~contempt orof ~~law~~Court on several occasions, including in its Third Contempt Order filed on October 2, 2007.

~~Legal~~American ~~Proceeding~~Tower ~~with Ashcroft ITV, Inc.~~Settlement

~~Chadmoore~~On isMay 23, ~~aware that Ashcroft ITV~~2003, ~~Inc.~~as ~~(“Ashcroft”)~~further ~~filed~~described ain ~~complaint~~Chadmoore’s onprior ~~April~~periodic 17reports, American ~~2007~~Tower ~~against~~Corporation ~~Chadmoore~~(“ATC”) ~~alleging~~filed ~~breach~~an ofaction ~~contract~~against ~~and~~Chadmoore ~~breach~~in ofDistrict ~~fiduciary~~Court, ~~duty and~~Clark ~~requesting~~County, anNevada, ~~accounting~~case ofnumber ~~payments~~A468150 ~~previously~~(the ~~made~~“ATC byAction”), ~~Chadmoore~~arising tofrom ~~Ashcroft. The~~leases ~~complaint~~between ~~was~~ATC ~~filed~~and inChadmoore ~~District~~for ~~Court,~~31 ~~Pitkin~~telecommunication ~~County,~~tower sites located ~~Colorado. Chadmoore~~throughout ~~has~~the ~~not~~United ~~been~~States ~~served by Ashcroft with~~ (the ~~complaint~~ “Sites”).

~~Chadmoore~~On ~~intends~~October to19, ~~vigorously~~2007, ~~defend~~ATC ~~its~~and ~~rights~~Chadmoore inentered ~~this~~into ~~matter~~a ~~and~~Settlement ~~believes~~Agreement ~~that these~~and ~~claims~~Release ~~are~~(the ~~without~~“ATC ~~merit~~Settlement Agreement”) related to the ATC Action and the Sites.

The terms of the ATC Settlement Agreement include the parties’ agreement to dismiss their claims against one another related to the Sites and the ATC Action, Chadmoore’s agreement to pay ATC $220,000, and the parties’ agreement to a mutual release of all claims. Chadmoore paid the settlement amount above to ATC on October 25, 2007.

Ashcroft Settlement

As previously described in Chadmoore’s periodic reports, on April 17, 2007, Ashcroft ITV (“Ashcroft”) filed a complaint against Chadmoore in the District Court, Pitkin County, Colorado, Case No. 2007 CV 52 (the “Ashcroft Action”), related to an Option and Stock Purchase Agreement effective June 14, 1996.

On October 2, 2007 the parties entered in a Settlement Agreement and Mutual Release (the “Ashcroft Settlement Agreement”). The terms of the Ashcroft Settlement Agreement include the dismissal of the Ashcroft Action, Chadmoore’s agreement to pay ATC $150,000 and the parties’ agreement to a mutual agreement of all claims. Chadmoore paid the settlement amount to Ashcroft on October 12, 2007.

S I G N A T U R E S

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 thereunto duly authorized.

	CHADMOORE WIRELESS GROUP, INC. a dissolved Colorado corporation – 2002 (Registrant)
July 3, 2007	By:	/s/ Richard M. Brenner
November 4, 2007
Date	By:	~~Name:~~/s/ Richard M. Brenner
		Name: Richard M. Brenner
		Title: Chief Liquidating Officer

Filing Compare · CHADMOORE WIRELESS GROUP INC