Astra Veda Corp (ASTA)

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COURT RULING ON ATTORNEY FEES IN SCOTT EPPINGA LOAN AND STOCK AGREEMENT LITIGATION CASE
Press Release | 06/03/2024
June 3, 2024
OTC Disclosure & News Service

Sheridan, WY —

Astra Veda Corporation (OTC PINK: ASTA), an alternative reporting public company, today announced that the Sheridan County District Court, 4th Judicial District, has issued a ruling on attorney fees related to the 2016 loan and stock agreement case involving Scott Eppinga. The court's decision, filed on May 30, 2024, under case number 2022-CV-0000216, has a material impact on the company's financial standing and legal obligations.

The court order awarded Scott Eppinga attorney fees as follows:

$293,114.83 for the work performed by Crowley Fleck PLLP
$13,678.44 for the work performed by Woods Fuller Shultz & Smith P.C.
$0.00 for the work performed by Benjamin Eppinga

Additionally, Astra Veda Corporation and James "Mick" Davis are jointly and severally liable for $52,477.75 of the fees, while Astra Veda Corporation is solely liable for the remaining $254,315.52. The total amount awarded to Scott Eppinga in attorney fees is $306,793.27. These fees must be paid in full within thirty days of the order.

Key Highlights of the Court Order:

The court has awarded attorney fees to Scott Eppinga in the total amount of $306,793.27.
Astra Veda Corporation and James "Mick" Davis are jointly and severally liable for $52,477.75, while Astra Veda Corporation is solely liable for $254,315.52.
Detailed legal reasoning supporting the decision is included in the order.
The ruling has a devastating material impact on the company's financial standing and will be reflected in upcoming financial decision making and public disclosures.

Astra is currently reviewing the court order and its implications to the viability of the company going forward. Further details will be provided as they become available, and we will continue to keep our shareholders informed of any significant developments.

https://www.otcmarkets.com/stock/ASTA/news/COURT-RULING-ON-ATTORNEY-FEES-IN-SCOTT-EPPINGA-LOAN-AND-STOCK-AGREEMENT-LITIGATION-CASE?id=442700


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