InvestorsHub Logo
Followers 1478
Posts 89318
Boards Moderated 1
Alias Born 06/16/2008

Re: littlejohn post# 1368

Monday, 07/09/2018 11:10:49 AM

Monday, July 09, 2018 11:10:49 AM

Post# of 73928
Did some digging cause I like gold companies and may have found the reason Cutler removed himself from Colorado and Nevada on this one.

Back a few Months ago there was a Lawsuit brought against him by Ticker symbol USPR you can read it on the 1-22-2018 8k they put out.

On January 2, 2018, U.S. Precious Metals, Inc. (“Company”) filed a legal action against the Company’s former CEO and Chairman, Gennaro “Jerry” Pane, and its former CFO, David Cutler. The lawsuit against Defendants asserts multiple causes of action for conduct and practices regarding the time of their governance, and seeks damages on behalf of U.S. Precious Metals for (1) Conversion, (2) Breach of Fiduciary Duty, (3) Usurpation of Corporate Opportunity, (4) Constructive Trust, (5) Civil Conspiracy, (6) Embezzlement, (7) Negligence, (8) Fraud, (9) Unjust Enrichment, (10) Sterilization of Stock. The litigation is filed in the Circuit Court of Miami-Dade County, Florida under the caption: U.S. Precious Metals, Inc. vs. Gennaro “Jerry” Pane, David Cutler, Does 1-5 Roes 1-2, Dept 22, Case No: 18-00003 CA 01.





Good Luck!