HLNT/NIR/Ribotsky/Humprhies/Walters/PWC Lawsuits Update 01/23/2013:
As pointed out by Rainmaker, there was an entry today in the New York Scroll System concerning Walters ex-attorney, Mr. Shapiro. Mr. Shapiro is taking the necessary steps to get paid from by Walters for the services he performed for Walters and for the reimbursement for reasonable expenses incurred by Mr. Shapiro in Walters New York Legal case. Walters ex-attorneys bailed on him because he wouldn't pay his bills, he was apparently unhappy with the legal services they were providing, but they were not able to bury HLNT. There isn't much to it other than that.
What is not in the filings, but on the Case Summary is the NOI's (Notices of Issue) have been given the due date of Feb 6th, 2013.
Because of Humphries, HLNT's case against Walters and Humphries has been delayed a good 4 months, but we should see the New York trial scheduled for some time during the month of March. Walters is running out of time and has run out of excuses.
These next two weeks are going to be very interesting as to what action he is going to take. He is not going to do well in front of a jury when he is asked questions about the notes, because he has already embarrased himself in the Motion for Partial Summary Judgement that was denied by the Texas Judge. If Walters thought the Deposition was tough, he has no clue as to what to expect in a full blown trial. The lawyers were nice to him in the Deposition he gave as compared to what they will do in trial.
Opinions expressed herein are my own and each investor should conduct his or her own due diligence and make investment decisions accordingly.
