Eco-Growth Strategies Inc. (ECGS)

[PhenixBleu]

Forte Capital Partners LLC vs. William J. Delgado

Under the Uniform Fraudulent Transfer Act, an injunction may issue to prevent the further disposition of assets by one being sued for improperly transferring the assets. Civil Code 3439.07 See Oiye v Fox (2012) 211 Cal.App.4th 1036, 1057. Plaintiff has submitted evidence in the form of the Declaration of Jeffrey Lampson in which he states Delgado told him he as forming Three Rivers to avoid holding the GDSI shares in his name. (Declaration of Lampson) Plaintiff has provided admissible evidence that a significant number of shares (6,043,801) were issued to Three Rivers in 2012. Lamson was assisting Delgado in April-June of 2013 with his activities as the controlling shareholder and Chief Executive Officer of GDSI.

Lamson witnessed Delgado issuing instructions to Scottsdale Advisors concerning the sales of GDSI shares. Plaintiff has thus met its burden to establish that is likely to prevail on its claim for fraudulent conveyance. (Declaration of Lampson)

http://lawzilla.com/blog/forte-capital-partners-llc-vs-william-j-delgado/