Paola -- To summarize the various lawsuits currently ongoing re. e-Smart, read posts 1476 and 1499.
1. involuntary bankruptcy petition in NY Southern District BK Court against e-Smart, IVI, and IVI Smart. Already discussed on this board. Contact Bruce Atherton (listed lawyer) for more info.
2. Shareholder lawsuit against execs and Directors of e-Smart, in Southern District of NY. You mentioned this lawsuit, with Borwick, et.al.
3. Ongoing SEC action against e-Smart, its directors and executives -- fraud, SEC violations, and failure to file timely SEC reports. Some discussed on this board. Contact SEC for info.
4. Patent lawsuits between ID Smart and e-Smart -- ongoing in California courts. Discussed extensively here. Various lawyers listed in these actions.
6. Administrative actions (failure to file and failure to pay payroll taxes) by IRS and state tax agencies against e-Smart.
7. A few lawsuits between legal firms and e-Smart regarding failure to pay outstanding bills. Thelen and Hinshaw, among others.
Possibly other legal actions and judgments against e-Smart. Search PACER and state court dockets for actions listing e-Smart.
Customers, deliveries, revenues...? Ask Taby.
In summary, the pattern is clear. CEO enjoys legal actions and consistently fails to honor its financial obligations. CEO and executive team have not demonstrated any ability to build a business. Board is sound asleep, like many boards today.
Suggest you contact Borwick and Atherton regarding their legal actions and how you can participate. Sadly, there may not be much meat left of the bones.
AI
