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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED
STATES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
D.C.&#160;&#160;20549</font></div>
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8-K</font></div>
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REPORT</font></div>
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TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></div>
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of Report (Date of earliest event reported) &#160;&#160;&#160;May 12,
2010</font></div>
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NEUROSOLUTIONS, INC.</font></div>
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name of Registrant as Specified in its Charter)</font></div>
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or Other Jurisdiction&#160;&#160;&#160;&#160;&#160;(Commission file
Number)&#160;&#160;&#160;&#160;(IRS Employer</font></div>
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No.)</font></div>
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Lakeview Parkway, Suite 111, Vernon Hills,
IL</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">60061</font></font></div>
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of Principal Executive
Offices)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(Zip
Code)</font></div>
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telephone number, including area code (847) 573-8000</font></div>
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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 (see General Instruction A.2. below):</font></div>
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</font></div>
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))</font></div>
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a name="pgbrk" /><a name="ftr" /><a name="glftr" /><a name="hangingindent">Item
8.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other
Events</a></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On May
12, 2010, Applied NeuroSolutions, Inc. (the &#8220;Company&#8221;) received correspondence
from counsel for Albert Einstein College of Medicine of Yeshiva University
(&#8220;AECOM&#8221;) notifying the Company that AECOM claims the Company is in breach of
its exclusive licensing agreements (the &#8220;Agreements&#8221;) with AECOM.&#160;&#160;The
Company has exclusive licenses with AECOM covering virtually all of its
Alzheimer's disease (&#8220;AD&#8221;) technology, including virtually all its AD related
diagnostic and therapeutic products currently in development.&#160;&#160;The
Company depends on these licensing arrangements to maintain rights to its
products under development.</font></div>
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Agreements provide a sixty-day cure period for any breach.&#160;&#160;The
Company is currently evaluating AECOM&#8217;s claim of breach and its options to cure
the claim of breach.</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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 on this 17<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font> day
of May 2010.<a name="tab2" /></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 45pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 212.4pt"></font>APPLIED NEUROSOLUTIONS,
INC.</font></div>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
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Ellison_____________</font></font></div>
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CEO and CFO</font></div><br>
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aecomagreement.htm
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 12,
2010
APPLIED
NEUROSOLUTIONS, INC.
(Exact
name of Registrant as Specified in its Charter)
Delaware
001-13835
39-1661164
(State
or Other Jurisdiction     (Commission file
Number)    (IRS Employer
of  Incorporation)                                                           Identification
No.)
50
Lakeview Parkway, Suite 111, Vernon Hills,
IL
60061
(Address
of Principal Executive
Offices)                            (Zip
Code)
Registrant's
telephone number, including area code (847) 573-8000
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 (see General Instruction A.2. below):
|_|
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 May
12, 2010, Applied NeuroSolutions, Inc. (the "Company") received correspondence
from counsel for Albert Einstein College of Medicine of Yeshiva University
("AECOM") notifying the Company that AECOM claims the Company is in breach of
its exclusive licensing agreements (the "Agreements") with AECOM.  The
Company has exclusive licenses with AECOM covering virtually all of its
Alzheimer's disease ("AD") technology, including virtually all its AD related
diagnostic and therapeutic products currently in development.  The
Company depends on these licensing arrangements to maintain rights to its
products under development.
The
Agreements provide a sixty-day cure period for any breach.  The
Company is currently evaluating AECOM's claim of breach and its options to cure
the claim of breach.
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 on this 17
th
day
of May 2010.
APPLIED NEUROSOLUTIONS,
INC.
By:
/s/ David
Ellison_____________
David Ellison
Acting
CEO and CFO