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Friday, April 07, 2023 5:30:38 PM
6m Accumulation/Distribution: 4,408,494,249
Shares ya masters of misdirection…
https://twitter.com/USACHENG/status/1644451003276697600?s=20
And while you’re at it use this to kill more shares…
Another federal court in the Southern District of New York just vacated a $744,783.67 judgement pursuant to F.R.C.P. 60(b)(1), entered in favor of #LGCapitalfundingLLC against #ExeledHoldingsInc. #EXEL in 2021 (case no. 1:17-cv-04006). The court was clearly persuaded by the New York Court of Appeals decision in Adar Bays, LLC v GeneSYS ID, Inc. wherein New York's highest court agreed with us, that a #convertiblenote #conversiondiscount is interest, subjecting the transaction to New York's usury statute. According to the New York Court of Appeals, we can now look at every single transaction, and every single dollar that LG made on the backs of retail shareholders through their notes conversion feature and every financial model used by LG internally to predict their return on the loans in more than 200 convertible note transactions. #loansharking #litigation #securitieslitigation #toxicdebt #illegaloan #lawfirm #securities #securitieslending #nakedshorting
This is the first time a trial court in the country vacated a judgment it awarded to a convertible note lender based on the usury defense.
Looking at u Labrys
Barry Bordetsky
Owner, Law Offices of Barry M. Bordetsky
2mo
Huge Congrats to The Basile Law firm. This result will in effect have cases vacated on a regular basis. These lenders now have real concerns.
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Rachel Jackson
Rachel Jackson
CEO and Founder of Rachel's Remedies, LLC, Member of Jackson & Jackson LLP, General Counsel & Regulatory Advisor to DeepWell DTx
2mo
Congratulations to Eric and the Basile Firm on another great win based on your precedent-making case! Great news.
https://giphy.com/gifs/movie-austin-powers-international-man-of-mystery-xUPGcfe7OAEDKUXQPK
https://www.linkedin.com/posts/markbasile_adar-bays-used-to-vacate-judgment-in-fed-activity-6995502077414096896-rlrM
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