Element Global Inc (ELGL)

[dplin2001]

Heres one from the SEC files: But I'm sure Ferguson and Donahue and McShane have all changed to moral upstanding citizens since then.


FALL RIVER, Mass. -- Prime Multimedia, Inc. (PRMX.PK) announced today that it filed a civil action against a number of individuals and corporate entities, including certain of its former directors, officers and legal counsel. The action, filed in the United States District Court for the Southern District of California (Case No.

04-CV-2177), alleges that James McShane, Susan Donohue, Stephen J. Nemergut, James E. Pratt, Merle Ferguson, and their associated corporate entities and other business associates, participated in numerous invalid stock issuances and money transfers for their own personal gain to the detriment of the company. The suit seeks the cancellation of all invalid stock issuances and the recovery of all monies transferred. The suit also seeks damages from McShane, Donohue, Nemergut and Pratt for breaching their duties to the company and its shareholders and participating in a systematic mismanagement of the company.