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Monday, July 09, 2007 3:00:48 PM
VitalTrust Brings Action Against U.S. Sustainable Energy Corporation to Recover Converted Shares
10:21a ET July 9, 2007 (Market Wire)
VitalTrust Business Development (OTCBB: VTBD) ("VitalTrust" or "the Company") announced today that it had commenced litigation against U.S. Sustainable Energy Corporation, its directors and officers, and its transfer agent, Signature Stock Transfer, Inc. The basis for this action is that the defendants failed to issue a 1 for 1 stock split/dividend of 225,500,000 USSE common shares. The case is pending in Hillsborough County, Florida, Case #07-008271-Div. G.
John Stanton, Chairman and CEO of VitalTrust, is a co-plaintiff in the lawsuit. VitalTrust holds an assignment of rights to 225,500,000 shares originally issued to Stanton. The suit also asserts shareholder rights for USSE's failure to allow access to its books and records as required by Nevada law. The Plaintiffs intend to vigorously pursue this action.
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