Posted On: 12/29/2015 9:55:13 PM
Post# of 15187
Nov 9, 2015) - Players Network, Inc. (OTC PINK: PNTV), a fully reporting publicly traded company, announced today that it has filed a law suit in the district Court of Clark County, Nevada, against Vis Vires Group Inc., KBM Worldwide Inc., Asher Enterprises Inc., and Seth Kramer and Curt Kramer, individually. The case is currently contested by the defendants in both Federal and State Courts in New York and Nevada.
The forgoing defendants are all companies owned or controlled by Curt or Seth Kramer, both defendants in PNTV's actions, and Curt Kramer is a defendant in other actions filed by FINRA relating to by virtue of FINRA Rule 6490(d)(3)(3), that states the regulator has "actual knowledge that ... promoters or other persons connected to the issuer ... are the subject of a pending, adjudicated or settled regulatory action or investigation by a federal, state or foreign regulatory agency, or a self-regulatory organization; or a civil or criminal action related to fraud or securities laws violations," it can reject corporate action requests.
In this case PNTV is suing for an undisclosed amount for injunctive relief, actual damages and punitive damages.
The suit was filed on behalf of PNTV by Bloom Donohue Young LLP a national law firm with offices in New York, Pennsylvania, California and Nevada which specializes in toxic debt relief cases.
The forgoing defendants are all companies owned or controlled by Curt or Seth Kramer, both defendants in PNTV's actions, and Curt Kramer is a defendant in other actions filed by FINRA relating to by virtue of FINRA Rule 6490(d)(3)(3), that states the regulator has "actual knowledge that ... promoters or other persons connected to the issuer ... are the subject of a pending, adjudicated or settled regulatory action or investigation by a federal, state or foreign regulatory agency, or a self-regulatory organization; or a civil or criminal action related to fraud or securities laws violations," it can reject corporate action requests.
In this case PNTV is suing for an undisclosed amount for injunctive relief, actual damages and punitive damages.
The suit was filed on behalf of PNTV by Bloom Donohue Young LLP a national law firm with offices in New York, Pennsylvania, California and Nevada which specializes in toxic debt relief cases.
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