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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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FORM 10-Q

| |  |                                                                                         
| |  | ----------------------------------------------------------------------------------------
| |  | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934  
|
| |  | For the quarterly period ended March 31, 2002                                           
|
| |  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the transition period from

to

Commission File Number: 000-21407

LASON, INC.
(Exact name of registrant as specified in its charter)

|                                                                        |  |                                                   
|----------------------------------------------------------------------- |  | --------------------------------------------------
|Delaware
(State or other jurisdiction of
incorporation or organization) |  | 38-3214743
(I.R.S. Employer
identification number)

1305 Stephenson Highway
Troy, Michigan 48083
(Address of principal executive offices including zip code)

Telephone: (248) 597-5800
(Registrants telephone number, including area code)

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Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

As of May 13, 2002, 19,876,649 shares of Common Stock, $.01 par value were
outstanding.

PART I FINANCIAL INFORMATION HAS BEEN OMITTED AND IS THE SUBJECT OF A FORM
12b-25.





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|                                                            |  |  |  |  |  |  |  | 
|----------------------------------------------------------- |  |  |  |  |  |  |  | 
|TABLE OF CONTENTS                                          
|PART I Financial Information (OMITTED)                     
|PART II Other Information                                  
|Item 1. Legal Proceedings                                  
|Item 2. Changes in Securities and Use of Proceeds          
|Item 3. Defaults upon Senior Securities                    
|Item 4. Submission of Matters to a vote of Security Holders
|Item 5. Other Information                                  
|Item 6. Exhibits and Reports on Form 8-K                   
|Signatures                                                 
|EXHIBIT INDEX                                              
|EX-2.19 Asset Purchase Agreement                           



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TABLE OF CONTENTS

|                                                            |  |  |   | 
|----------------------------------------------------------- |  |  | - | 
|TABLE OF CONTENTS                                           |  |  | i | 
|PART I Financial Information (OMITTED)                      |  |  | 1 | 
|PART II Other Information                                   |  |  | 1 | 
|Item 1. Legal Proceedings                                   |  |  | 1 | 
|Item 2. Changes in Securities and Use of Proceeds           |  |  | 1 | 
|Item 3. Defaults upon Senior Securities                     |  |  | 1 | 
|Item 4. Submission of Matters to a vote of Security Holders |  |  | 2 | 
|Item 5. Other Information                                   |  |  | 2 | 
|Item 6. Exhibits and Reports on Form 8-K                    |  |  | 2 | 
|Signatures                                                  |  |  | 4 | 
|Exhibit Index                                               |  |  | 5 | 

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PART I    Financial Information (OMITTED)




PART II    Other Information




Item 1. Legal Proceedings

As a result of the filing of the voluntary petition to reorganize under
Chapter 11 of the United States Bankruptcy Code with the Bankruptcy Court for
the District of Delaware in Wilmington (the Bankruptcy Court), all U.S.
litigation has been stayed. After the Companys Plan of Reorganization becomes
effective (anticipated June 30, 2002), if plaintiffs of the stayed litigation
(other than plaintiffs of the consolidated action most recently disclosed in
the Companys Form 10-Q for the quarter ended September 30, 2001), subsequently
prevail in their claims, as pre-petition unsecured creditors they will only be
entitled to a certain amount of common stock in the then reorganized Company
based on a formula. (It is anticipated that if the plaintiffs in the
referenced consolidated action prevail in their claims, they will receive
payment, if any, for their claims only from the Companys insurance carriers). The
following relates to litigation filed in Canada which was not stayed by the
U.S. bankruptcy filing.

On March 12, 2002, with respect to litigation previously disclosed in the
Companys Form 10-Q for the quarter ended March 31, 2001, the Ontario Superior
Court of Justice granted Future Image Holding Corporation and DASA Holdings
Inc., the former owners of Datacom Imaging Systems Company (Datacom) summary
judgment with respect to their claims for $693,023 (Canadian) plus pre-judgment
interest. The Company has filed an appeal which has stayed the judgment but
Datacom has filed a motion to be heard on May 30, 2002 to have
the stay lifted. The Company intends to continue to vigorously defend
the claims.

Various other claims have been made against the Company in the normal
course of business which Management believes will not have a material adverse
effect on the Companys business, financial condition or results of operations.




Item 2. Changes in Securities and Use of Proceeds

The Company did not issue any of its common stock during the fourth
quarter of 2001 or the first quarter of 2002.




Item 3. Defaults upon Senior Securities

The Bankruptcy Court on April 30, 2002 orally
stated that Lasons Plan of Reorganization was confirmed. The form of
confirmation order has been submitted to the Bankruptcy Court and is awaiting
entry. While, as previously disclosed in the Companys Form 10-Q for
the quarter ended September 30, 2001, the Company is in default on its principal and
interest payments and on
certain other financial covenants contained in its credit agreement with its
lenders, under the Plan of Reorganization, the senior secured lenders have
agreed to write-off in excess of $170 million of the Companys debt, the
Companys current outstanding common stock will be cancelled, and new shares in
reorganized Lason will be issued. Approximately 87.5% of the new shares will
be issued to the senior secured lenders and unsecured creditors.

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Item 4. Submission of Matters to a vote of Security Holders

Not Applicable




Item 5. Other Information

On May 6, 2002, Lason Systems, Inc., a Delaware company (Systems), an
affiliate of the Company, sold substantially all of the assets of Systems used
in connection with Systems Consolidated Reprographics Division to ARC
Acquisition Corporation (ARC). Among other things, such assets included
leased real property, tangible personal property, intellectual property,
certain contracts, accounts receivable and certain software.

The aggregate consideration paid by ARC as a result of the sale was $31.0
million, determined pursuant to arms length negotiations. In addition, ARC
assumed certain liabilities of Systems.

In light of the Companys ongoing investigation of accounting
irregularities and deficiencies in the Companys accounting system and the
ongoing evaluation of the need to restate past financial statements, all of
which were disclosed in the Companys Form 8-K filed with the SEC on March 26,
2001, the Company is currently unable to provide any pro forma financial
information. The Company does not know when it will be able to provide such
information.

During the fourth quarter of 2001, the Company completed the sale of four
non-core businesses for net proceeds totaling approximately
$ 5.6 million.
During the first quarter of 2002, the Company sold three non-core
businesses for net proceeds totaling approximately $ 5.3 million. During the
second quarter of 2002 to date, the Company sold seven non-core
businesses (including the Consolidated Reprographics Division) for
net proceeds totaling approximately $ 34.2 million. The net proceeds
from these sales will be used to reduce the Companys new $90 million
senior secured note under the Plan of Reorganization and for working capital
purposes.




Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits

2.19 Asset Purchase Agreement dated March 11, 2002 by and between ARC
Acquisition Corporation and Lason Systems, Inc.

(b) Reports on Form 8-K

During the fourth quarter of 2001 and the first quarter of 2002, the
Company filed the following Form 8-Ks:

On March 25, 2002, the Registrant filed a Form 8-K disclosing in Item 3
the approval of its Disclosure Statement by the Bankruptcy Court.

On March 22, 2002, the Company filed a Form 8-K including as exhibits
pursuant to Item 5 certain portions of the monthly operating reports filed with
the Bankruptcy Court for the month of January 2002.

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On February 28, 2002 and March 14, 2002, the Company disclosed in Item 4 a
change in its certified accountant.

On March 12, 2002, the Company filed a Form 8-K including as exhibits
pursuant to Item 5 certain portions of the monthly operating reports filed with
the Bankruptcy Court for the month of December 2001.

On February 25, 2002, the Company filed a Form 8-K disclosing in Item 3
the filing of its amended proposed disclosure statement with the Bankruptcy
Court.

On January 15, 2002, the Company filed a Form 8-K disclosing in Item 5 the
filing of a proposed Disclosure Statement with the Bankruptcy Court.

On December 5, 2001, the Company filed a Form 8-K disclosing in Item 3
that it had filed a voluntary petition to reorganize under Chapter 11 of the
United States Bankruptcy Code with the Bankruptcy Court.

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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 thereunto duly authorized.

|    |  |                                                                           
|--- |  | --------------------------------------------------------------------------
|    |  | LASON, INC.                                                               
|   
|By: |  | /s/ Ronald D. RisherRonald D. Risher
President and Chief Executive Officer
|   
|By: |  | /s/ Douglas S. KearneyDouglas S. Kearney
Interim Chief Financial Officer  

May 15, 2002

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EXHIBIT INDEX

|            |  |                                                                                                                 
|----------- |  | ----------------------------------------------------------------------------------------------------------------
|EXHIBIT NO. |  | EXHIBIT DESCRIPTION                                                                                             
|            |  |                                                                                                                 
|2.19        |  | Asset Purchase Agreement dated March 11, 2002 by and between ARC
Acquisition Corporation and Lason Systems, Inc.

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