Global Digital Solutions Inc (GDSI)

[PhenixBleu]

17. Defendant William J. Delgado (“Delgado”) served as President, CEO and CFO from August 2004 to August 2013. Effective August 12, 2013, Mr. Delgado assumed the position of Executive Vice President, and during the Class Period, was responsible, along with Defendant R. Sullivan, for “business development.” On May 13, 2016, Delgado was appointed
the CEO and Chairman of the Company.

Here's the link to the Class Action Complaint from which I copied the above excerpt.

https://www.google.com/url?q=http://securities.stanford.edu/filings-documents/1058/GDSI00_01/2017321_r01c_16CV05153.pdf&sa=U&ved=2ahUKEwjCv_6T_p3nAhXNUs0KHTAQD5sQFjADegQIBxAB&usg=AOvVaw0QoDxSLpUYkfaSz9kA88xe

Yes, they settled for just under $600k. Delgado got named because he was part of the alleged scheme.

You must be referring to the class action that was caused by the rogue CEO Dick Sullivan. Delgado got named because he was a board member. He stepped in and cleaned it up. Settled with no admission of guilt. Really old news (settlement May 2019).