Any of this Noteholders played with Hpil also?
HPIL HOLDING SUES TOXIC LENDER GPL VENTURES, LLC IN NEW YORK FEDERAL COURT FOR $16,000,000.00
Source: InvestorsHub NewsWire
Company Seeks to Start Unwinding Bad Deals entered into by Prior Management
VANCOUVER, CANADA -- April 11, 2022 -- InvestorsHub NewsWire -- HPIL Holding (OTC: HPIL), announces that it has filed complaint against GPL Ventures, LLC, Alexander Dillon and Cosmin Panait, seeking $16,000,000 for multiple alleged violations of Federal Securities and RICO Laws. Shareholders can review the complaint at this link after 9:00, AM PST: www.hpilholding.ca/gpl
“When we took over management of this company, we have been faced with numerous challenges including cleaning up the company’s filings and reviewing transactions that prior management entered, transactions that ultimately hurt our shareholders. Our management team concluded that the company’s prior transactions with GPL were likely unlawful, both under state and federal law. HPIL is sending a clear message that we are not going to sit back and allow the [alleged] illegal transactions referenced in the complaint to damage our shareholders,” said CEO Stephen Brown. “Our board is in unanimous agreement to support our litigation team 100% with any resources it requires and to identify and pursue participants in illegal trading activity of our stock, which injures small retail shareholders supporting the growth of companies like our own. This action is one of several lawsuits the company expects to bring against similar funders it had done deals with. We are committed to our shareholders and will be announcing even more steps to bring value back to the company”.
The company notes that GPL Ventures, LLC has been
