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Posted On: 06/21/2019 12:10:47 PM
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http://secfilings.com/searchresultswide.aspx?...d=13502093
On June 18, 2019, we consummated a Settlement Agreement (the “Agreement”) with several defendants in the litigation entitled Rocky Mountain High Brands, Inc. f/k/a/ Republic of Texas Brands, Inc. v. Joe Radcliffe, et al ; Case Number DC-18-13491 pending in the District Court for Dallas County, Texas (the “Court”). This case is a continuation of our litigation originally filed against our former Chairman, Jerry Grisaffi and various other defendants.
Under the Agreement, we have reached final and binding settlements with defendants Joe Radcliffe, Kenneth Radcliffe, Dennis Radcliffe, Crackerjack Classic, LLC, and Universal Consulting, LLC (collectively, the “Radcliffes”), and Epic One Group, LLC (“Epic”). Under the Agreement:
· The Radcliffes delivered to the company for cancellation a total of 6.75 million shares of common stock;
· The Radcliffes made a settlement payment to the company in the amount of $200,000;
· The Radcliffes agreed to dismiss a separate suit filed against two of our directors;
· The parties filed an agreed order dismissing the case, including all claims and counterclaims amongst the company, the Radcliffes, and Epic; and
· The parties have exchanged mutual releases.
Upon filing and entry of the agreed dismissal order by the Court, our litigation with the Radcliffes and Epic will be concluded.
http://secfilings.com/searchresultswide.aspx?...d=13502093
On June 18, 2019, we consummated a Settlement Agreement (the “Agreement”) with several defendants in the litigation entitled Rocky Mountain High Brands, Inc. f/k/a/ Republic of Texas Brands, Inc. v. Joe Radcliffe, et al ; Case Number DC-18-13491 pending in the District Court for Dallas County, Texas (the “Court”). This case is a continuation of our litigation originally filed against our former Chairman, Jerry Grisaffi and various other defendants.
Under the Agreement, we have reached final and binding settlements with defendants Joe Radcliffe, Kenneth Radcliffe, Dennis Radcliffe, Crackerjack Classic, LLC, and Universal Consulting, LLC (collectively, the “Radcliffes”), and Epic One Group, LLC (“Epic”). Under the Agreement:
· The Radcliffes delivered to the company for cancellation a total of 6.75 million shares of common stock;
· The Radcliffes made a settlement payment to the company in the amount of $200,000;
· The Radcliffes agreed to dismiss a separate suit filed against two of our directors;
· The parties filed an agreed order dismissing the case, including all claims and counterclaims amongst the company, the Radcliffes, and Epic; and
· The parties have exchanged mutual releases.
Upon filing and entry of the agreed dismissal order by the Court, our litigation with the Radcliffes and Epic will be concluded.
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