HLNT/NIR/Walters lawsuits update:
The new documents filed on the SCROLL system for the New York case is the next step in the obtaining depositions and completing discovery from Humphries, Walters and Walters companies, Monarch and STI Group. The documents present Walters as a witness, not as a defendant, and Walters will not be able to oppose these filings. After the Judge signs the orders, the orders will be forwarded to the appropriate California Court for the purpose of deposing Walters and his companies and the Texas Court for Humphries. Once that is done, subpeonas will be issued to Humprhies, Walters, and his companies, in order to obtain their testimonies. Expect lots of pleadings of the Fifth by both gentlemen. Remember, Humphries has already been stung, and has been questioned by the FBI, but if any of his testimony is impeachable, or incomplete, he standd to have his prison vacation extended for a longer time, as well as being subject to other criminal prosecution for a variety of chrages. For Walters, he is fighting to keep himself out of the limelight and out of court, as well as testifying to any information that may have criminal implications on his behalf.
Walters is trying to focus on the notes alone, in Texas, and on the agreement, alone in California. He hopes that by doing so, he can avoid the allegations of fraud, as the FBI would not hesitate in going after him as well as Ribotsky. But like the New York Judge has come to decide, the Fraud is pervasive though all agreements, and it is this broad range of Fraud that will result in the Abritrator in California deciding against the Arbitration, or at least against Walters deceptions in the Release Agreement.
The opinions expressed above are my own and each investor should conduct their own due diligence and make their investment decisions accordingly.
