Labor Smart Inc (LTNC)

[I-Glow]

Motion for Leave to File Amended Complaint by Prometheus against LTNC/Schadel.

http://docdro.id/W5rYwv3

Prometheus Amended Complaint:

http://docdro.id/SawTOpR

A few highlights:

LABOR SMART is unwilling to settle this case. Therefore, Prometheus asks for leave to amend its complaint to include The Staffing Group Ltd. as a defendant, add fraudulent conveyance as a cause of action, and seek recovery against Ryan Schadel personally because Labor Smart is actually Schadel’s alter ego...

Nevertheless, on February 12, 2016, Labor Smart issued a press release titled, “Labor SMART, Inc. to Explore Sale of Six Branch Locations to The Staffing Group.” Labor Smart sold branches to The Staffing Group Ltd.; a company with Kimberly Thompson as its Chief Executive Officer. Thompson was also the COO of Labor Smart...

Beyond this peculiarity, Labor Smart pays $6,000 per month for Ryan Schadel’s (its CEO) personal home.

It accounts for this expense as a rent payment like any other office location and not as part of Schadel’s compensation.

Damn, Prometheus is putting a beatdown on Schadel.

It is odd I didn't see him posting this on Twitter.

IG