Digital Brand Media and Marketing Group Inc (DBMM)

[Poo28]

Try and understand the law as stated in Court Papers. Huge difference between “pay them off” and a Settlement for 50% less.

As DBMM stated in Court Papers Asher tried to steal the non-US subsidiary even though precluded by FEDeral (not Civil end run) to go after public company. The case was a mitigating circumstance of DBMM and was closed after the Super 10-K filed on May 31,2018. Asher had 2 CDs outstanding. Asher sued for $337K, got Judgment $123K (additional interest from July, 2015.)

Settled by DBMM for $65k with heavy discount on June 20,2018 for the benefit of DBMM. No equity, CDs canceled.

Case closed. See DBMM 10-K 2018, Amendment 1, EDGAR filing on Dec 2018.