Replies to post #43970 on Yippy, Inc. (YIPI)

[mpp1]

Will Loretta Lynch be watching this case because of all the evidence of criminal wrongdoing? Our new Attorney General is adamant about cleaning up the corruption on wall street, including the bankers and the companies who are stealing our money.



Snyder Represents Yippy, Inc. in $50 Million Lawsuit Against the Magna Group
June 18, 2015
John H. Snyder PLLC Conducting Investigation Into Magna Business Practices

NEW YORK – Richard Granville, the CEO of technology company Yippy, Inc. (YIPI), filed a $50 million lawsuit in New York Supreme Court against the “death spiral” financier Magna Group LLC and its principals Josh Sason, Ari Sason, and Michael Abitebol.

The lawsuit, filed on June 16, 2015, alleges that Magna participated in a scheme to manipulate the price of Yippy’s stock. Magna’s “pump and dump” scheme involved the issuance of phony press releases, hypothecation and naked short selling of Yippy’s stock, and attempted corporate bribery, according to the complaint. Granville is suing Magna for fraud and unjust enrichment.

This lawsuit comes on the heels of Bloomberg’s March 12, 2015 report about Magna and its founder Josh Sason entitled, “This 27-Year-Old Made Millions Riding the Death Spirals of Penny Stocks.” The Bloomberg article describes how Magna profited from the collapse of small, publicly traded companies that had borrowed money from Magna.

In March 2015, Granville posted statements referring to the Bloomberg article and describing Magna’s business practices. In response, Magna’s principals Josh Sason, Ari Sason, and Michael Abitebol sued Granville for defamation, claiming that his words had cause them “severe emotional distress.” Granville responded to the defamation suit by claiming truth as a defense: “Granville stands by these statements because . . . they are true. Granville is fully prepared to come into court, swear an oath, and defend his words and actions.”

The complaint adds: “As a businessman, a U.S. Navy veteran, and man of devout faith, Granville feels a moral and ethical obligation to help expose the truth of the Magna Parties’ business practices. In so doing, Granville’s objective is to save other entrepreneurs from the Magna Parties’ vicious and immoral business practices, and to see that the Magna Parties are brought to account for the jobs, companies, and lives that they have destroyed in the name of personal enrichment.”

Granville and Yippy are represented by the Manhattan law firm John H. Snyder PLLC, which has initiated an investigation into the broader business practices of the Magna Group in preparation for a potential class action. Any person or company who has been harmed by the Magna Group is welcome to contact John H. Snyder, Esq. at [phone] or [e-mail].

Granville may be contacted at [e-mail]

[Welcome2Pinkyland]

Guessing is fun. It is YIPI's 'part time solo' lawyer vs. Magna's 'bottom of the barrel' lawyers - Let's see what actually transpires

[yipi kay yay]

guessing is so much fun, reality is in the courts BASED on "THE RULE OF LAW"

[Welcome2Pinkyland]

September 21st came and went. After all the pomp and circumstance leading up to the 21st I am still holding out hope to know how awesome Magna's 'bottom of the barrel' lawyers did, backed by awesome Magna's awesome $200m cash warchest, against poor little Richie and is 'part time solo' do tell- if not the details of Magna's awesome performance on the 21st- than anything on the 3 lawsuits listed below will have to suffice:

1) the 1st lawsuit- Magna says YIPI still owes them Money - a review of things by the court will get to the bottom of it all I'm sure.

2) the 2nd lawsuit- Magna saying Rich hurt their feelings by calling them names and caused emotional distress - seems lame.

3) the 3rd lawsuit- YIPI suing Magna for $50m - Alleging corporate bribery, stock manipulation, and other - most likely happened, however proving such is a tall task. I hope YIPI is up to the challenge- a $50mil windfall for YIPI would be sweet.