Thursday, August 09, 2007 12:58:39 PM
1. None of the defendant companies had Directors and Officers (D&O) liability insurance, which would have covered the companies for any illicit acts or omissions by its directors and officers which caused financial detriment to the company or its shareholders; and
2. The attorneys did not feel there were sufficient reachable assets among the defendants to justify their risk of advancing a substantial amount of money in costs to prosecute this case across international borders.
It appears to me from this that neither the companies (SLJB Nevada, SLJB Ontario, and Kore) nor the individuals involved have much in the way of assets, at least not in their own names. The law firm which investigated this matter on behalf of myself and another shareholder also came to the same conclusion once their investigation was concluded.
Where have all those touted substantial assets gone?
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM