A Closet

[fung_derf]

Biotech Medics v. Wells Fargo DISMISSED

A-10-608128-B

Biotech Medics Inc, Plaintiff(s) vs. Wells Fargo Bank National Assn, Defendant(s)

01/19/2010
Department 11

Business Court
Closed

https://www.clarkcountycourts.us/Anonymous/CaseDetail.aspx?CaseID=7272376

11/23/2011 Stipulation and Order for Dismissal With Prejudice
Stipulation and Order of Dismissal With Prejudice

11/30/2011 Notice of Entry of Order for Dismissal With Prejudice
Notice of Entry of Stipulation and Order of Dismissal With Prejudice

04/05/2012 CANCELED Status Check (9:00 AM) (Judicial Officer Gonzalez, Elizabeth)
Vacated - Case Closed

06/01/2012 CANCELED Pre Trial Conference (9:00 AM) (Judicial Officer Gonzalez, Elizabeth)
Vacated - Case Closed

06/21/2012 CANCELED Calendar Call (9:15 AM) (Judicial Officer Gonzalez, Elizabeth)
Vacated - Case Closed

06/25/2012 CANCELED Jury Trial (1:30 PM) (Judicial Officer Gonzalez, Elizabeth)
Vacated - Case Closed
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BioTech Medics, Inc. Files Lawsuit Against Wells Fargo Bank, 1st Global Stock Transfer, LLC and Others

LAS VEGAS, NV--(Marketwire - January 20, 2010) - BioTech Medics, Inc, (PINKSHEETS: BMCS) announced today that the corporation has filed a civil lawsuit in the Clark County District Business Court against Wells Fargo Bank, N.A., 1st Global Stock Transfer, LLC, Helen G. Bagley, Stacy Ewing, & Securities Transfer Agents Medallion Program, Inc. (STAMP).

This case involves forgery, fraud, breach of contract and civil conspiracy. According to a separate civil US District Ct, Las Vegas, Nevada Securities & Exchange Commission vs. John Edwards consent decree, Edwards the "mastermind" has admitted to violations of Sections 5(a) and 5(c) of the Securities Act, 15 U.S.C. §§ 77e(c) and 77e(c), for the unregistered offer and sale of securities. The Court ordered over $58.9 million in disgorgement.

BioTech claims Wells Fargo provided John M. Edwards of Nevada, (who is also under criminal indictment and been incarcerated in England awaiting extradition), and Helen G. Bagley of 1st Global Stock Transfer with the authority and ability to accomplish their illegal acts by guaranteeing Edwards' authority to sign stock powers and other similar documents even though Edwards had neither the legal capacity nor authority to do so.

Wells Fargo is a member of the Securities Transfer Association, the association that oversees the STAMP. STAMP was established in accordance with SEC Rule 17Ad-15 to "provide for the protection of the investors... and increase the efficiency of the security transfer process," according to Guidelines of the Securities Transfer Association, Appendix 1. Additionally on the STAMP website STAMP represents that "Its use protects the issuer of the security; the owner(s) of the security; and transfer agents..." Due to Wells Fargo's acts of wrongfully guaranteeing Edwards' signature with the STAMP imprint, Wells Fargo violated UCC Section 8-306 and Nevada Revised Statute 104.8306. BioTech is seeking general, compensatory and punitive damages, along with attorney fees and costs from Wells Fargo and the other Defendants.