Post by
PortlandBlazer on Sep 03, 2020 12:21am
Claims on Saladino and BMF
It looks like this is a multi-million claim against Saladino and BMF, in favor of GLH, plus additional claim for $9.3 million for fraud and deceptive trade practises. From the July 2020 Form 7, filed with CSE here https://webfiles.thecse.com/GLH-Form7-MonthlyProgressReport-July_2020_FINAL.pdf?UexeJJ89rx7My5Vtujkg0YrKsrDCVAhh
"The Company filed a lawsuit against BMF Washington LLC ("BMF") and Peter Saladino ("Saladino") on January 21, 2020, in Multnomah County (Oregon) Circuit Court, Case No. 20CV03528, seeking to recover $6,916,580 in damages. The Company asserted two claims for breach of contract, arising out of the parties' equipment leasing and intellectual property licensing agreements, seeking damages of $676,580 and $2,080,000, respectively, with alternative claims against both BMF and Saladino (collectively, the "Defendants") for unjust enrichment related to their improper use of the Company’s equipment and intellectual property. The Company is also asserting claims against the Defendants for misappropriation of trade secrets under Oregon and Washington law, seeking additional damages of $4,160,000. A receiver was appointed to marshal the assets of BMF and liquidate them to pay the creditors of BMF. Consequently, the Company’s claims against BMF are in the process of being dismissed without prejudice and a Proof of Claim is being sent to the receiver, in an attempt to obtain payment of the damages related to the claims alleged against BMF by the Company. The claims against Mr. Saladino were removed to the Federal Court for the Western District of Washington and a Magistrate has been appointed to manage and hear the case. Mr. Saladino filed an Answer to the Company’s Complaint on May 29, 2020. Mr. Saladino admits or denies each allegation in the Complaint individually. He asserts several affirmative defenses. The Answer does not include any counterclaims against the Company. The Company filed an Amended Complaint against Mr. Saladino on June 18, 2020 adding claims for approximately $9.3 million, including fraud and deceptive trade practices. On July 27, 2020, Saladino filed a Motion to Dismiss the Company’s fraud and deceptive trade practices claims. A hearing on Saladino’s Motion is presently scheduled for August 21, 2020."
Comment by
SlyestFox on Sep 03, 2020 7:49am
so what does this mean, its probably going to be dismissed isnt it. Its past aug 21 and no update yet?
Comment by
unclebobie on Sep 04, 2020 2:51pm
not what I'm primarily interested in validation - its is rather you IRS claim - please substantiate your source, time, date and ligitimacy simple : you are trading in third party rumours as to you Saladino situation you have stated some logic but you have again not quoted sources so if you are going to make claims provide proof repsectfullu