VNUE, Inc. v. LG Capital Funding, LLC et al
LG CAPITAL has been one of the larger toxic lenders to many OTC companies for
years, their business thrived on small companies that were not able to get conventional
lending.
That very process often lead to the common shareholders getting crushed because of
favorable lender provisions and ratchet clauses tied into said loans.
As many already know that most states have limits on the usury interest rates that can be
charged that all too often unfairly enrich the lender.
The SEC has been going after many of these lenders successfully plus there are a few law
firms that have been very active doing the same.
Friday, January 12, 2024
31 motion Report and Recommendations Fri 01/12 1:02 PM
REPORT AND RECOMMENDATION: For the reasons stated in the attached R&R, the Court respectfully recommends that Defendants motion to dismiss25 be denied. Any objections to the Report and Recommendation must be filed with the Clerk of Court within 14 days of receipt of this report. Failure to file objections within the specified time may waive the right to appeal any judgment or order entered by the District Court in reliance on this Report and Recommendation. See 28 U.S.C. § 636(b)(1); Fed. R. Civ. P. 72(b)(2); see also Caidor v. Onondaga County , 517 F.3d 601, 604 (2d Cir. 2008) ("[F]ailure to object timely to a magistrate[ ] [judge's] report operates as a waiver of any further judicial review of the magistrate[ ] [judge's] decision." (quotations omitted)). So Ordered by Magistrate Judge Sanket J. Bulsara on 1/12/2024. (MEG)
VNUE just might come out on the right side of this case.
IMHO
D_DOG
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