Posted on March 16, 2017

Messrs. Jacobs and Hindes delivered their Amended Complaint to Judge Sleet this afternoon.  The gravamen of this complaint, life the initial complaint, is that any preferred security claiming to be entitled to 100% of a corporation’s earnings is illegal and is void.  The amended complaint abandons the breach of contract and duty claims and moves forward with an unjust enrichment argument.  A copy of the amended complaint is attached to this e-mail message.15-00708-0062

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