Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Friday, April 26, 2024
258 appeal - - Notice of Docketing ROA - 3rd Circuit Fri 04/26 5:01 PM
NOTICE of Docketing Record on Appeal from USCA for the Third Circuit re257 Notice of Appeal (Third Circuit) filed by CBV, Inc. USCA Case Number 24-1780 USCA Case Manager: Aina (DOCUMENT IS RESTRICTED AND CAN ONLY BE VIEWED BY COURT STAFF) (dw2, )
257 appeal - NOTICE OF APPEAL - Third Circuit Fri 04/26 10:06 AM
NOTICE OF APPEAL of256 Judgment,,, . Appeal filed by CBV, Inc.. (Grivner, Geoffrey)
appeal - APPEAL - Credit Card Payment (Attorneys Only) Fri 04/26 10:08 AM
APPEAL - Credit Card Payment received re257 Notice of Appeal (Third Circuit) filed by CBV, Inc.. ( Filing fee $605, receipt number ADEDC-4393487.) (Grivner, Geoffrey)
Wednesday, March 27, 2024
256 order Judgment Wed 03/27 3:52 PM
FINAL JUDGMENT: IT IS HEREBY ORDERED AND ADJUDGED that 1. Consistent with CBV's agreement to dismiss with prejudice and release all breach of contract claims against ChanBond, Counts I, II, III, and VII of the First Amended Complaint [D.I. 6] are dismissed with prejudice, each side to bear its own costs. 2. Consistent with the Court's March 13, 2024 Memorandum Opinion and Order regarding CBV's Motion for Summary Judgment and Leane Defendants' Cross-Motion for Summary Judgment, Counts IV, V, and VI of the First Amended Complaint [D.1. 6] and Count I of Leane Defendants' Counterclaims [D.I. 41] are dismissed as moot. 3. Leane Defendants' hereby voluntarily dismiss Count II of Leane Defendants' Counterclaims pursuant to Fed. R. Civ. P. 41(a)(2). 4. This stipulation shall not in any way limit or otherwise impact the Parties' rights and abilities to appeal (CASE CLOSED). Signed by Judge Gregory B. Williams on 3/27/24. (ntl)
The Discovery process was never done well in this case period! I do not understand how Cisco and Arris would not even pay for manufacturing and distribution penalties...SHOW US THE SETTLEMENT AGREEMENT MR Judge!
CBV, INC.,
Plaintiff
v.
CHANBOND, LLC,
Defendant
and
DIERDRE LEANE and IPNAV, LLC,
Defendants.
C.A. No. 1:21-cv-01456-GBW
JOINT STATUS REPORT
Pursuant to the Court’s June 8, 2023 Order [D.I. 220], Plaintiff CBV, Inc. (“CBV”),
Defendants Deirdre Leane and IPNAV, LLC (“Leane Defendants”), and ChanBond, LLC
(“ChanBond” and, collectively, the “Parties”) respectfully submit this joint status report.
1. The Parties agree that in light of the Court’s prior rulings and the parties’ respective
settlements, there are no claims remaining to be tried. CBV, however, believes that it has a basis
for, and wishes to preserve its right to, appeal. Specifically, CBV anticipates the parties entering a
stipulated final, appealable judgment substantively resolving the declaratory judgment claims
brought by CBV (Counts V and VI of CBV’s First Amended Complaint [D.I. 6]) and by Leane
Defendants (Count I of Leane Defendants’ Counterclaim [D.I. 41]), consistent with the Court’s
October 5, 2022 Memorandum Opinion [D.I. 151].
2. As such, the Parties respectfully ask the Court to adjourn the currently scheduled
trial, and all associated dates, sine die in order to allow the parties to negotiate an appropriate
Case 1:21-cv-01456-GBW Document 224 Filed 06/16/23 Page 1 of 2 PageID #: 7453
2
stipulated judgment that may include dismissal of certain of Leane Defendants’ counterclaims
without prejudice.
3. Upon the issuance of the stipulated judgment, the Court may deny the Leane
Defendants’ Motion for Judgment on the Pleadings [D.I. 104] as moot.
Dated: June 16, 2023
Respectfully submitted,
BUCHANAN INGERSOLL &
ROONEY PC
/s/ Geoffrey G. Grivner
Geoffrey G. Grivner (No. 4711)
Kody M. Sparks (No. 6464)
500 Delaware Avenue, Suite 720
Wilmington, DE 19801
(302) 552-4200
geoffrey.grivner@bipc.com
kody.sparks@bipc.com
Attorneys for CBV, Inc.
BAYARD, P.A.
/s/ Stephen B. Brauerman
Stephen B. Brauerman (No. 4952)
Ronald P. Golden III (No. 6254)
600 North King Street, Suite 400
Wilmington, DE 19801
(302) 655-5000
sbrauerman@bayardlaw.com
rgolden@bayardlaw.com
Attorneys for ChanBond, LLC
TROUTMAN PEPPER HAMILTON
SANDERS LLP
/s/ James H.S. Levine
James H.S. Levine (No. 5355)
Hercules Plaza, Suite 5100
1313 N. Market Street
P.O. Box 1709
Wilmington, DE 19899-1709
(302) 777-6500
james.levine@troutman.com
Attorneys for IPNAV, LL
Its been a long time since I last posted here. Our guardedid/mobile trust app has been acting up lately. Sunday all my personal information and license number were cleared off/erased on the app and the guardedid app was not working . Last night my phone was saying that mobile trust has a BUG??Hopefully Kay will look into this ASAP before we lose customers.
Ciscos financials Re: Intangible Asset increase.
https://www.stock-analysis-on.net/NASDAQ/Company/Cisco-Systems-Inc/Analysis/Goodwill-and-Intangible-Assets
And a story of a "less serious case" than Chanbond's.
https://www.reuters.com/article/us-cisco-systems-centripetal-networks-idINKBN26Q2VX
Also click green area after the numbers
Agree Whitman is a seasoned lawyer who was not going to leave the INTERNATIONAL settlement money on the table...which is in the patents sale...JMHO
Due to the mistrust around the settlement amount I think it would be best to subpoena Cisco and the 13 at some point in time to straighten things out. At this point in time I can not even trust award winning lawyers...JMHO.
Page seventy of the Cisco Balance sheet 2021 makes me think there is a lot more hidden... If the patents were sold to Cisco... $1.4B to customer relations
70
5. Goodwill and Purchased Intangible Assets
(a) Goodwill
The following tables present the goodwill allocated to our reportable segments as of July 31, 2021 and July 25, 2020, as well as
the changes to goodwill during fiscal 2021 and 2020 (in millions):
Balance at
July 25, 2020
Acquisitions
& Divestitures
Foreign
Currency
Translation
and Other
Balance at
July 31, 2021
Americas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 21,304 $ 2,275 $ 94 $ 23,673
EMEA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,040 1,019 35 9,094
APJC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,462 920 19 5,401
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 33,806 $ 4,214 $ 148 $ 38,168
Balance at
July 27, 2019 Acquisitions
Foreign
Currency
Translation
and Other
Balance at
July 25, 2020
Americas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 21,120 $ 132 $ 52 $ 21,304
EMEA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,977 44 19 8,040
APJC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,432 22 8 4,462
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 33,529 $ 198 $ 79 $ 33,806
(b) Purchased Intangible Assets
The following tables present details of our intangible assets acquired through acquisitions completed during fiscal 2021 and
2020 (in millions, except years):
FINITE LIVES
INDEFINITE
LIVES
TECHNOLOGY
CUSTOMER
RELATIONSHIPS OTHER IPR&D TOTAL
Fiscal 2021
Weighted-
Average Useful
Life (in Years) Amount
Weighted-
Average Useful
Life (in Years) Amount
Weighted-
Average Useful
Life (in Years) Amount Amount Amount
Acacia . . . . . . . . . . . . . . . . . . . . . 4.0 $ 1,290 4.0 $ 490 3.1 $ 35 $ 345 $ 2,160
Others . . . . . . . . . . . . . . . . . . . . . 4.3 545 4.6 174 2.9 35 — 754
Total . . . . . . . . . . . . . . . . . . . $ 1,835 $ 664 $ 70 $ 345 $ 2,914
FINITE LIVES
INDEFINITE
LIVES
TECHNOLOGY
CUSTOMER
RELATIONSHIPS OTHER IPR&D TOTAL
Fiscal 2020
Weighted-
Average Useful
Life (in Years) Amount
Weighted-
Average Useful
Life (in Years) Amount
Weighted-
Average Useful
Life (in Years) Amount Amount Amount
Total acquisitions
(six in total). . . . . . . . . . . . . . . . . . 4.8 $ 161 4.2 $ 10 1.5 $ 1 $ — $ 172
The following tables present details of our purchased intangible assets (in millions):
July 31, 2021 Gross
Accumulated
Amortization Net
Purchased intangible assets with finite lives:
Technology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,629 $ (1,437) $ 2,192
]Customer relationships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,387 (523) 864
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71 (13) 58
Total purchased intangible assets with finite lives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,087 (1,973) 3,114
In-process research and development, with indefinite lives . . . . . . . . . . . . . . . . . . . . . 505 — 505
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,592 $ (1,973) $ 3,61
https://www.cisco.com/c/dam/en_us/about/annual-report/cisco-annual-report-2021.pdf
You bring a lot of very good POINTS and thank you. I would suggest that those investigating the final total settlements for international boxes to look for possible settlements outside the USA. Cisco at one time brought in $67B from outside the USA because the repatriation taxes were reduced by president Trump. So it looks favorable for Cisco to avoid repatriation taxes and settle from an outside account...fits into the plan of Mr Carter having all those companies opened up around the UOIP name. JMO.
9. . The global STB (set top boxes) market size was valued at USD 22.6 billion in 2020 and expected to reach USD 23.5 billion in 2021.
https://money.cnn.com/2018/02/15/technology/cisco-overseas-cash-tax-law/index.html
My judgement...Pay everyone fairly..Unwind all the malfeasance if found...
Clearly someone appears to have assisted Billy by driving the getaway car in all this. The world is watching!! Damage Control time for the drivers. Would it be Billy or the RIGHT thing....JMO. Solution is simple pay everyone fairly and everybody walks away...ALL IN MY OPINION.
Thank you
I second that!
Agree...besides there is an extra ordinary event in Cisco's financials..$2.2B which may be attributed to INDEMNIFICATIONS to the 13. The coincidence to the settlement period is mind blowing. Some suggested that on the settlement agreement these monies were never forwarded to Chanbond, the indemifications.....opening up a whole new can of worms...People are not zeroing in on their point/belief and solidly defending it! People who are claiming the $100MIL settlement are not coming up/coming out with any data or basis of their assumptions. However Cisco's financials are a good start for me to work from.
CAN OF WORMS...to create a complicated situation in which doing something to correct a problem leads to many more problems..
Besides if I were to launder money in plain sight I would form many companies like UOIP AND UO!P most people would not even realize/notice the differences in names....eg back in the day there used to be copy cat cabs for example one would paint their cab exactly like a Yellow Cab but name it Hellow cab or Yelow cab...a lot of people would not even notice or question the differences...If discovery is to be done...another thing to consider.
LOL..there wasn't much jargon..LOL...But those lawyers need to demonstrate and show the courts how they arrived on the final settlement figure..instead of telling us there is no money?? or else $100MIL would be negligence..playing with out livelihoods...If not the judge should look at trimmming their fees to pay us and lets see how they would feel about that??
Agree ...but the value of the sale should be somewhat based on the settlement amount...Also buying the patents by Cisco/arris and the 13..would help their balance sheets look better. The patents would be recorded as intangible assets not an expense and would be written off /depreciated over a number years and not as a one time expense in that year. In that regard therefore what Cisco is showing (2.2B$) includes the money it paid to the 13 indemnification and more...to cushion the Chanbond/ lawsuit...Come to think of it Cisco and all the companies have insurance for this kind of thing...The insurance payments do not even hit the Cisco books..possibility the insurance paid another 50% or more on top in this lawsuit...The question is ...where is the money...
Every house hold in Canada is full of Cicso and Arris modems...now bring in Mexico and Brazil and Europe...would those lawyers be so blind not to see all that money? Again the $100Mil does not work for me...If not Chanbond should be made to trade again and the shareholders should continue to get what Billy and his lawyers did not get...by the way those are very smart lawyers not to see all that money on the table?
LOL...even though Cisco was not sued directly...We still need accountability on the manufacturing and distributing penalties...where is that money?...People may want to think about that move by the Mischon lawyers to the new company...every lawyer involved with Chanbond moved over to a company with international offices....IMO...was it a gesture of pay us the international penalties or we sue you in every inch of the ground...just my mind thinking!!
I will post this link again in your support. Logic and the maths agree with you. For example if they wanted .40cents per device manufactured (after a trial win), the other guy who posted here a while ago had $6/7B amount. However because it was a settlement instead of a trial win someone here had suggested 20% less on the amount and this still gives us $4.8B on the lower figure. Cisco had a $2.2B unusually high legal expense in it's financials (Yes not all of it is Chanbond). Arris continued manufacturing and still manufactures even today after Cisco stopped and IMHO Arris paid more in legal fees than Cisco. I believe we should not just look at only the 13 American companies for the final settlement amount but world wide. (Chanbond and its lawyers need to explain what happened to that source of revenue...its money on the table???) At one time every modem in the world was a Cisco modem and these being American companies (Chanbond and the 13) everything (including International devices) had to be settled in an American court. I have this legal document as well to remind people that Chanbond expected (Multi Billions)....and After going to court why would they drop from multi billions to eg a $100MIL? Here is the link.
https://www.thelayoff.com/t/XUcCE78
Mistakes could have been made ...I totally agree...but what I get from the tone of the letter is to totally deny us our return here (could be wrong)...I am not asking for sympathy from anyone however some of us came to North America penniless, worked our a**ses off and still work our a** off...where is the basic human nature of honesty?? If I had the chance to solve this the lawyers would sit in an office...determine legal parameters...come to an agreement, everyone gets paid and life moves on...however. .....That is the position I am coming from...So much for Mr Rader to deal with when honesty does not seem to be forth coming.
Seems Mr Brauerman really does not like us intervening...guess what he should have told Billy not to sell the company stock to us...too bad. We saw an investment opportunity and invested...and now we want our return...period...nothing personal.Worked overtime to get into this American pie.
LOL. Thanks Tony.
I think that was just a working figure by the financiers....that is why it was not blacked out... The minimum they would finance for a particular amount requested....For tech companies making BILLIONS IN PROFITS....300$ mil is nothing at all.
Pacermonitor Filing yesterday
Monday, April 11, 2022
4 misc Statement of Relatedness Mon 04/11 9:46 AM
STATEMENT OF RELATEDNESS re: that this action be filed as related to 12-cv-06814 (AKH). Document filed by HPIL Holding..(Benzenberg, Eric)
3 misc Rule 7.1 Corporate Disclosure Statement Mon 04/11 9:43 AM
RULE 7.1 CORPORATE DISCLOSURE STATEMENT. No Corporate Parent. Document filed by HPIL Holding..(Benzenberg, Eric)
2 misc Civil Cover Sheet Mon 04/11 9:42 AM
CIVIL COVER SHEET filed..(Benzenberg, Eric)
1 cmp Complaint Mon 04/11 9:40 AM
COMPLAINT against Alexander Dillon, GPL Management LLC, GPL Ventures LLC, Cosmin Panait. (Filing Fee $ 402.00, Receipt Number ANYSDC-25987362)Document filed by HPIL Holding..(Benzenberg, Eric)
Att: 1 Exhibit Nov 2016 Note and SPA,
Att: 2 Exhibit Dec 2016 Note and Amendment,
Att: 3 Exhibit July 2017 Note,
Att: 4 Exhibit Aug 2017 Note,
Att: 5 Exhibit January 2019 Note,
Att: 6 Exhibit Feb 2019 Note,
Att: 7 Exhibit April 2021 Note,
Att: 8 Exhibit May 1, 2021 Note,
Att: 9 Exhibit May 11, 2021 Note
We believed as shareholders that we had a manager to run things...not to COLLAPSE the company to what is being stated right now??...It's like third world scenarios whereby people come in built a factory get people on board to invest ...only to realize later that those individuals were only "cleaning their money" as they soon collapse the company and return overseas....JMHO
One surprising thing though is, again my opinion only Bayard seems to want to control the funds and distribute them as they wish?? for chanbond Just something I think I observed in the response. Brings me to the same feeling I got when our lawyer asked who Bayard were in trying to intervene between a lawyer and a client....bit bossy in my opinion....again just my opinions
Just a reminder on the settlement
https://www.thelayoff.com/t/XUcCE78
The settlement amount...revenue sources for the final amount of the settlement in my opinion...based on my accounting and auditing background only and it's just an opinion and an estimate.
1) Royalties plus interest 2) manufacturing and distribution penalties. 3) Part of the proceeds of the sale of the Cisco modem manufacturing dept. 4) International companies
Knowing that cisco paid $2.2 bl on legal fees and if we agree that most of the 2.2B was paid to the telecom companies directly by cisco...then how much did their insurance pay.....The insurance payments DO NOT HIT the cisco books they are an expense to the insurers...then the Arris part and Arris is still manufacturing modems even today, then the international companies and the 13 individual payments...its a lot.. IMHO. I would be comfortable with $3.5B to 5B...but time will tell. Once again it's just my estimates...and imaging if someone was able to get 22% of that??? Wow.
However it is said that the patents could have been sold...still the value of those patents would be based on what was mentioned above...not on nothing.
I feel the focus right now is to perhaps expose DL...so yes I had the same feeling.
Thank you Tony.
The arbitration award and the ASA...possibly the reason why we are not being paid. Wonder how soon this could be resolved??
On a meet and confer that occurred after the filing of the Motion,
Chanbond agreed and Ms. Leane’s counsel provided, Plaintiff with a copy of the Arbitration
Award. (See Ex. 1.) The temporary injunctive relief to which Chanbond voluntarily stipulated
moots the need for expedited discovery concerning the Settlement Funds, as Chanbond has agreed
not to distribute the Settlement Funds to Ms. Leane or IPNAV pending the resolution of this
Motion by the Court. There is no reason, and Plaintiff has not explained, why Chanbond should
be burdened with expedited discovery while responding to the Motion on an expedited basis. The
Court should deny this request and require Plaintiff to obtain discovery, if any is necessary after
Multi millions of dollars are at stake here.....
The Advisory Services Agreement (“ASA”) was entered into by ChanBond and IPNAV
on April 9, 2015. (See D.I. 6, Ex. C.) Ms. Leane is the only signatory of the document, purporting
to act on behalf of both entities simultaneously. (Id.) Pursuant to the terms of the ASA, IPNAV is
to receive twenty-two percent (22%) of the gross recoveries from monetization efforts related to the
I am like "hey now?"...I would be very happy if a got a job that would make me sign all legal documents without a witness...we even sign accomodation leases with two signatures....JMHO
While defenses to paying Ms. Leane exist because she signed the ASA (D.I. 6, Ex. C) on
which the Arbitration Award is based on behalf of both IPNAV and Chanbond, allegedly without
obtaining Plaintiff’s consent to this interested transaction and then fraudulently failed to disclose
her self-interested execution of the ASA when she sold Chanbond to its current owner, the
Arbitration Award presents an impediment to Plaintiff’s ability to succeed on the merits.
Because the question of whether the Arbitration Award is enforceable must be decided prior to
any further distributions to Plaintiff, Plaintiff cannot demonstrate a reasonable probability of
success on the merits. As such, the Motion should be denied.
Crazy how people will object to showing documents involving money...where are the basic principles of transparency involving financial transactions?? If I had my way I would send the FBI to check this out....Anyways I do not think hiding documents will work ..clearly something is not right there. Even kids know when there is unfairness....Again please I pray that the correct/right things are done...we all have a conscience and feel guilt!! A lot of us here are people working hard everyday to feed our families and we want to move on with our lives.
May Rader's company grow in leaps and bounds...that is my prayer.
The common man on IHUB is hungry and trying hard to pay bills everyday!!
I like Rader...