Blue Chip alleges Furth to violate security laws
Here is another lawsuit against Furth alledging securities law violations . Douglas Furth is a large investor in Spongetech , if you go to some of the other message boards you will find his name posted in the "ibox" as large shareholder .
Blue Chip alleges Furth to violate security laws
The Plaintiff, Blue Chip IR Group, LTD (“Blue Chip”) is a Nevada limited liabilitycompany doing business in Utah. Blue Chip is a shareholder in Ever-Glory International Group,Inc. (“EGLY”), a publicly traded company with securities registered with the SEC. DefendantFurth, a “financial public relations specialist,” entered into an agreement with Blue Chip inwhich Furth was to purchase EGLY shares as well as use his expertise to open new markets forEGLY shares, increasing share value. Blue Chip would compensate Furth by transferring175,000 EGLY shares to Furth in an account at Wilson-Davis & Co., located in Salt Lake City,Utah. Blue Chip alleges that Furth has or intends to violate applicable security laws byartificially manipulating the volume and price for EGLY shares.
Case 2:06-cv-00185-DS Document 27 Filed 08/11/2006 Page 1 of 8
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2Upon learning of Furth’s alleged illegal activities, Blue Chip demanded that heimmediately cease any activities regarding Blue Chip and return all EGLY shares. Wilson-Davisfroze Furth’s account, which resulted in Furth filing suit in the Northern District of Ohio onFebruary 22, 2006. On February 23, 2006, Blue Chip filed suit in the Utah State District Court,alleging common law fraud, breach of contract, securities fraud, and requesting declaratory reliefand injunctive relief. On March 1, 2006 Furth amended his complaint in Ohio and included BlueChip as a defendant. On March 1, 2006 Furth removed the plaintiff’s claims to this court. InApril 2006 Furth filed this Motion to Dismiss or, in the Alternative, to Transfer Venue to theNorthern District of Ohio. Blue Chip has moved to strike the Motion to Dismiss or Transfer, onthe grounds that these pleadings were drafted and filed with the Court not by Mr. Furth appearingpro se as represented thereon, but rather by the firm of Levin & Associates, Co., L.P.A
Blue Chip Group v. Furth
Case Number: 2:2006cv00185
Filed: March 2, 2006
Court: Utah District Court
Office: Central Office [ Court Info ]
Presiding Judge: Judge David Sam
Nature of Suit: Torts - Property - Other Fraud
Cause: 28:1331 Fed. Question: Securities Violation
Jury Demanded By: Plaintiff
Blue Chip IR Group, Ltd. v. Furth et al
Keyword tags: None
Case Number: 1:2006cv01939
Filed: August 14, 2006
Court: Ohio Northern District Court
Office: Cleveland Office [ Court Info ]
Presiding Judge: Hon. Patricia A. Gaughan
Nature of Suit: Torts - Property - Other Fraud
Cause: 28:1331 Fed. Question: Securities Violation
jury Demanded By: Plaintiff
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