Notable litigation filed during September 2024 includes: (1) Williamson, et al. v. Linarducci, et al., No. 24-cv-01526 (S.D. Ind.); (2) Perrotta v. First Edge, LLC, et al., No. 24-cv-01638 (M.D. Fla.); (3) Next Gen. Inv. Grp., LLC, et al. v. Pure Health Enters., Inc., et al., No. 24-cv-06764 (N.D. Cal.); (4) Commodity
Continue Reading… Notable Litigation – September 2024Breach of Contract
New Complaint – Guo, et al. v. Robl, et al.
Guo, et al. v. Robl, et al. was filed in the United States District Court for the Central District of California on August 8, 2022. Plaintiffs assert claims of fraudulent inducement, fraud, breach of fiduciary duty, civil racketeering under RICO, violations of the California Penal and Corporations Codes, violations of state securities laws, and breach of contract. Plaintiffs request compensatory damages and equitable relief against defendant media production companies and related individuals and entities that allegedly induced investors into financing film projects that ultimately failed, leaving Plaintiffs with substantial losses.
Plaintiff Gosdom, Inc. (“Gosdom”) is a California corporation, and Plaintiff Vanessa Guo (“Guo”) is its Chief Executive Officer (collectively “Plaintiffs”). Defendants Kevin Robl (“Robl”) and Chris Bremble (“Bremble”) are principals and managers of Defendants Production Capital, LLC (“Production Capital”) and/or Chinese-based production company Base Media Technology Group Limited (“Base Media”), and Defendant Remington Chase (“Chase”) is the principal of Defendants Production House International, LLC (“Production House”) (collectively, “Enterprise Financing Defendants”). The remaining Defendants consist of American and Chinese filmmakers and media companies, California attorneys, and various entities based in California, Delaware, and Wyoming—all of which benefited from or were aware of the loan and investments used to finance the film projects.
The Enterprise Defendants are alleged to have engaged in a scheme to defraud
Continue Reading… New Complaint – Guo, et al. v. Robl, et al.
New Complaint – Bui v. Nguyen, et al.
Bui v. Nguyen was filed in California Superior Court on December 30, 2021, claiming relief for civil damages. Specifically, the complaint alleges claims for breach of contract, breach of fiduciary duty, promissory fraud, constructive fraud, fraudulent concealment, and conversion.
Plaintiffs are three individuals who invested funds with Defendants The Church for the Healthy Self a/k/a CHS Trust (“Defendant Church”), its pastor Kent Whitney (“Whitney”), other individuals touting the alleged scheme, and various television stations.
New Complaint – Heinen v. iDigrati, LLC, et al.
Heinen v. iDigrati, LLC, et al. was filed in the Superior Court of Gwinnett County, Georgia on December 16, 2021, claiming civil damages for breach of contract and state securities violations in connection with purported investments in promissory notes sold by Defendants.
Plaintiff is an individual who invested $200,000 with Defendant in exchange for a promissory note. Defendants are the investment company, iDigrati, LLC (“iDigrati”) and its two operating individuals, Narendra Patel and Bruce Rowland. Rowland is deceased and is represented by his estate in this action.
Continue Reading… New Complaint – Heinen v. iDigrati, LLC, et al.
New Complaint – Eckfeldt v. Barber
On the heels of a related action filed by the Securities and Exchange Commission (“SEC”) on November 12, 2021, Eckfeldt v. Barber was filed in the Superior Court of California, Orange County, on December 9, 2021, claiming breach of contract, fraud, intentional misrepresentation, and conversion.
Continue Reading… New Complaint – Eckfeldt v. Barber
New Complaint – Lowry, et al. v. Edelman, et al.
Lowry, et al. v. Edelman, et al. was filed in the U.S. District Court for the Southern District of New York on September 21, 2021, claiming securities fraud and various state-law causes of action based on a fraudulent scheme to induce investments in cryptocurrency and then embezzle those investments.
Continue Reading… New Complaint – Lowry, et al. v. Edelman, et al.
New Complaint – Abidog v. New York Life Insurance Co.
Abidog v. New York Life Insurance Co. was filed in the Superior Court of the State of California on June 18, 2021, seeking damages and rescission of unregistered promissory notes sold in a Ponzi scheme that deprived elderly and other unwitting investors of their life savings. The fifteen-count complaint alleges violations of California statutory and common law, as well as federal securities law.
Defendant Felix Chu is a former agent of Defendants New York Life Insurance Company and NYLIFE Securities LLC (collectively, “New York Life”) who used his role at New York Life to perpetrate the Ponzi scheme. Plaintiffs are investors in the scheme.
Continue Reading… New Complaint – Abidog v. New York Life Insurance Co.