![](https://investorshub.advfn.com/uicon/523133.png?cb=1472570549)
Thursday, September 03, 2015 9:05:55 AM
1:15-CV-00698
Report and Recommendation
Plaintiff LG Capital Funding, LLC ("LG") has sued defendant One World Holdings, Inc. ("OWOO") for breach of contract and related claims. See Docket Entry ("DE") 1 (Complaint). OWOO has defaulted and LG now seeks a default judgment. See DE 16. Upon a referral from the Honorable Sterling Johnson, Jr., United States District Judge, I now make this report and for the reasons set forth below respectfully recommend that the court enter judgment against OWOO on LG's first cause of action for breach of contract, dismiss its remaining claims, and award it a total of $296,085.72.
...
III. Recommendation
For the reasons set forth above, I respectfully recommend that the court deny the plaintiff's motion for contempt sanctions, grant its motion for default judgment with respect to the first cause of action, dismiss the remaining causes of action, and enter judgment against the defendant in the total amount of $296,085.72 (consisting of $284,500.97 in damages; $11,184.75 in reasonable attorneys' fees; and $400 in costs).
So ORDERED.
Dated: Brooklyn, New York
August 6, 2015
08/24/2015 [31] - OBJECTION to 28 Report and Recommendations filed by LG Capital Funding, LLC. (Attachments: # 1 Exhibit A - Hearing Traanscript)
CONCLUSION
For the foregoing reasons, it is respectfully submitted that the Court: i) finds OWOO in default of §3.2 of the Note for failure to honor LG’s conversion request; ii)grants an injunction ordering OWOO to immediately deliver 3,707,681 shares of its common stock to LG and to honor all future conversions under the Notes; iii) grants LG’s motion finding OWOO in contempt; and iv) applies the default payments in its calculation of damages.
08/24/2015 [30] - OBJECTION to 28 Report and Recommendations filed by One World Holdings, Inc.. (Attachments: # 1 Exhibit A (Report and Recommendation, dated August 6, 2015), # 2 Exhibit B (Note))
Conclusion:
14. OWOO respectfully requests that the amount of damages be reduced by $80,647.47 (i.e. the amount imposed by the multiplier 2.0) to $215,438.24
Recent TONR News
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 08:44:05 PM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM