Most of us longs never expected to see 3.5 million
Post# of 75419
(Total Views: 535)
Posted On: 03/05/2020 6:38:45 AM
Most of us longs never expected to see 3.5 million damages anyhow, so the court ruling mandating a choice between cancellation of 10 million Series A preferred shares and the $3.5 mil, plus a few diddly bucks for the final appeal expenses, is WAY good enough to happily put the whole mess behind us.
I know I'm not alone, but I personally never expected to see the $3.5 mil. When someone is retirement aged and sitting on $3.5 mil or more, and all appeals to keep it are lost, then they usually take the money and THEY get lost. Lost in some tropical paradise living like royalty.
Bashers have already been taking the facts about last week's ruling and spreading their rotten lies all over them like shit on a shingle. As usual, don't be naive enough to believe them. The summary is simple and, while somewhat disappointing, it's nothing more than that. It won't stop the progress. Anyhow, this is the summary from last weeks ruling.........
Court of Appeals
Fifth District of Texas at Dallas
JUDGMENT
JERRY GRISAFFI, Appellant On Appeal from the 192nd Judicial
District Court, Dallas County, Texas
No. 05-18-01020-CV V. Trial Court Cause No. DC-17-15441.
Opinion delivered by Justice Myers,
ROCKY MOUNTAIN HIGH Justices Schenck and Carlyle
BRANDS, INC. F/K/A REPUBLIC participating.
OF TEXAS BRANDS, INC.,
Appellee
In accordance with this Court’s opinion of this date, the judgment of the trial
court is REVERSED and this cause is REMANDED in part, and AFFIRMED in
part as follows:
Having concluded that the trial court’s judgment constitutes a double
recovery in violation of the one-satisfaction rule, we remand this case
to the trial court for ROCKY MOUNTAIN HIGH BRANDS, INC.
F/K/A REPUBLIC OF TEXAS BRANDS, INC. to make an election
of remedies between an award of $3.5 million and a declaratory
judgment that the ten million shares of Series A Preferred Stock that
were issued to Hilltop Trust and reissued to Jerry Grisaffi were void
ab initio. In all other respects the judgment is affirmed.
It is ORDERED that appellant JERRY GRISAFFI recover his costs of this
appeal from appellee ROCKY MOUNTAIN HIGH BRANDS, INC. F/K/A
REPUBLIC OF TEXAS BRANDS, INC.
Judgment entered this 27th day of February, 2020.
I know I'm not alone, but I personally never expected to see the $3.5 mil. When someone is retirement aged and sitting on $3.5 mil or more, and all appeals to keep it are lost, then they usually take the money and THEY get lost. Lost in some tropical paradise living like royalty.
Bashers have already been taking the facts about last week's ruling and spreading their rotten lies all over them like shit on a shingle. As usual, don't be naive enough to believe them. The summary is simple and, while somewhat disappointing, it's nothing more than that. It won't stop the progress. Anyhow, this is the summary from last weeks ruling.........
Court of Appeals
Fifth District of Texas at Dallas
JUDGMENT
JERRY GRISAFFI, Appellant On Appeal from the 192nd Judicial
District Court, Dallas County, Texas
No. 05-18-01020-CV V. Trial Court Cause No. DC-17-15441.
Opinion delivered by Justice Myers,
ROCKY MOUNTAIN HIGH Justices Schenck and Carlyle
BRANDS, INC. F/K/A REPUBLIC participating.
OF TEXAS BRANDS, INC.,
Appellee
In accordance with this Court’s opinion of this date, the judgment of the trial
court is REVERSED and this cause is REMANDED in part, and AFFIRMED in
part as follows:
Having concluded that the trial court’s judgment constitutes a double
recovery in violation of the one-satisfaction rule, we remand this case
to the trial court for ROCKY MOUNTAIN HIGH BRANDS, INC.
F/K/A REPUBLIC OF TEXAS BRANDS, INC. to make an election
of remedies between an award of $3.5 million and a declaratory
judgment that the ten million shares of Series A Preferred Stock that
were issued to Hilltop Trust and reissued to Jerry Grisaffi were void
ab initio. In all other respects the judgment is affirmed.
It is ORDERED that appellant JERRY GRISAFFI recover his costs of this
appeal from appellee ROCKY MOUNTAIN HIGH BRANDS, INC. F/K/A
REPUBLIC OF TEXAS BRANDS, INC.
Judgment entered this 27th day of February, 2020.
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