“According to information obtained from JBI’s transfer agent, as of April 12, 2013, the plaintiff owned 100 shares of restricted stock (out of 89,941,231 shares outstanding), which carry a present value of less than $50.00. The plaintiff was formerly employed by a JBI subsidiary, Pak-It, and these shares were given to him as a kind gesture when JBI purchased Pak-It, so the plaintiff has no cost basis whatsoever in the shares. Further, it is our present understanding that the plaintiff left Pak-It in June 2011 to work for a direct competitor of the company in the same geographic market.”
Grammp is being used for other interests, IMO. Who is the attorney for this suit?
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