Monday, February 19, 2024 8:19:51 PM
Mark R. Basile, Esq.Mark R. Basile, Esq.
• Following• Following
Securities Litigation and Public Company Mergers and Acquisitions Attorney - Former Law ProfessorSecurities Litigation and Public Company Mergers and Acquisitions Attorney - Former Law Professor
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Another dilution funder loses the "Unregistered Dealer" argument. In More Capital v DarkPulse, Inc., the trial court awarded summary judgment, damages and legal fee to our client in yet the second civil action brought by a publicly traded company against a know dilution funder. Great job by The Basile Law Firm P.C. and Eric Benzenberg. This court followed the reasonings and applications of the statute to the evidence as done by all federal courts to analyze and apply the facts to the language of the statute in SEC Civil Enforcement actions, clearly finding More Capital operated as a "dealer" under the Securities Act, did not registered, was legally prevented from entering into the dilution funding contracts, and was ordered to pay damages to our client. #securitieslitigation #dilutionfunding #scammers #toxicfunding #securitiesviolation #SecuritiesAct #SEC #DPLS #DarkPulse
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