Frequency Holdings, Inc. Clarifies Legal Rulings Impact
Frequency Holdings Inc. (YCRM), a public entity based in Nevada, has recently issued clarifications regarding a previous court ruling that generated some confusion. The company emphasized that the recent developments related to litigation do not directly affect its operations or ownership of vital assets.
Understanding the Court's Judgment
The judgment discussed does not impose any financial liabilities on YCRM. It confirmed that the company retains full control over its reacquired assets, such as intellectual property and customer contracts. This is a key point in understanding the ongoing legal framework surrounding the company.
Liability Exemption for YCRM
Frequency Holdings maintains its stance that it is not liable for claims linked to Luciano Aguayo. The dismissal of claims against Aguayo was without prejudice, meaning they can be pursued again anytime by the current rightful owner of ReachOut Technology Corp. The matter still presents a significant concern for Aguayo, as the potential for future claims exists.
The Nature of the Default Judgment
It must be noted that the default judgment issued was strictly procedural. This was primarily due to the lack of legal representation for ReachOut Technology Corp. at the time of the ruling. Without the necessary legal framework in place, no substantive evidence was presented in court, and the circumstances leading to the judgment were not reflective of the underlying truth of the case.
Document Integrity and Allegations
Addressing some misconceptions, records demonstrate that Attorney Matt Nirider's exit from his law firm was a standard transition to new counsel, highlighting no negative implications on the client's interests. The transparency of legal proceedings is paramount for both parties involved, and it's essential to focus on verified facts.
Clarifying Misconceptions Around Affidavit Statements
Further complicating the narrative, some statements made under the claim of court testimony stem from an affidavit provided by a former employee who was terminated. This individual's credibility is now called into question, given her history of underperformance and conflicting business interests.
Reacquiring Valuable Contracts and Assets
In April of 2025, YCRM confirmed its successful reacquisition of crucial operational assets, including customer contracts from the original ReachOut Technology company. This vital step not only showcases YCRM’s resilience but also serves to reinforce its market position and operational capabilities.
Statements from Leadership
Rick Jordan, the CEO of Frequency Holdings, expressed his commitment to staying focused on business growth despite potential distractions caused by misinformation. He reiterated the strength of YCRM’s operations and the loyalty of its clients in the face of these challenges.
Future Legal Landscape
YCRM preserves all rights pertaining to legal remedies which remain open. The discretion of pursuing any further litigation against Aguayo will rest entirely with the asset holder, confirming the ongoing complexities in this legal landscape.
Conclusion and Contact Information
As Frequency Holdings navigates through this period, the primary focus remains on maintaining its business trajectory and ensuring transparent communication with shareholders and stakeholders. For inquiries, contact Cheryl Conner at SnappConner PR at 801-806-0150 or via email at info@SnappConner.com. Furthermore, parties can reach out through PR@frequencyhold.com.
Frequently Asked Questions
What is the recent update from Frequency Holdings, Inc.?
Frequency Holdings clarified that a recent court judgment has no financial impact on the company and reaffirmed its control over its assets.
Is Frequency Holdings liable for the claims against Aguayo?
No, the company states that it is not liable for the claims originally made against Aguayo.
What kind of judgment did the court issue?
The court's judgment was procedural due to the absence of legal representation of ReachOut Technology Corp., and not a reflection of any factual evidence.
What has been reacquired by Frequency Holdings?
The company has reacquired critical customer contracts and intellectual property from the original ReachOut Technology.
How can we reach PR representatives for Frequency Holdings?
Interested parties can contact Cheryl Conner at SnappConner PR at 801-806-0150 or via email at info@SnappConner.com.
