InvestorsHub Logo
Followers 7
Posts 810
Boards Moderated 0
Alias Born 03/13/2005

Re: None

Wednesday, 09/25/2019 5:21:17 AM

Wednesday, September 25, 2019 5:21:17 AM

Post# of 50023
Rontan will have a difficult time defending their actions and the violations of the conditions outlined in the SPA.

I believe they are fighting the discovery of their financial records because the Brothers have been cheating the Brazilian government for years. Not to mention their employees and financiers in years past.

Looking forward to the settlement. A settlement is the only way Rontan can keep that information from becoming a part of the record and public knowledge.

Hope to see it in the next few weeks. Judge Brannon has clearly sent them a message that dragging their feet in turning over the requested information will not be tolerated.

If you are wondering how a judgement would be imposed to recover the damages from a Brazilian company, should this be decided by the jury, You can possibly attach their assets or sales in countries with treaties with the US. I am not sure what the relationship between Brazil and the US is at this time.