Ken Maciora, CEO of Empire Relations Group, a New York business created to provide investor relations services, filed bizarre claims against the company's former auditor. The auditors' attorneys suggested Ken Maciora had his own version of truth! Maciora had rights as an individual to pursue claims under the PLSRA but failed to prove his allegations. The Federal Judge agreed with the auditors and tossed the Complaint with Prejudice.
Kenneth Maciora v. Signature Stock Transfer FINAL OUTCOME IS PENDING COURT DECISION IN SECURITIES FRAUD LAWSUIT FILED IN SACRAMENTO AGAINST KEN MACIORA!
Collin County District Court, Texas, Case No. 296-04725-2015
On November 18, 2015, Mr. Maciora sued the Company's transfer agent alleging his entitlement to the issuance of 66,666,666, shares of the Company's common stock purportedly based on his purchase of such shares from a former employee of the Company. The Company never issued the aforementioned shares to its former employee and does not believe that the plaintiff has any claim to the shares. This case was "settled" with an Agreed Judgement between Signature and Maciora. The Decision is being challenged by the Company in the current case linked below.