LiveWire Ergogenics Inc. (OTC: LVVV), a health and wellness
company with a focus on special purpose real-estate acquisitions and the
licensing and management of high-end and permitted facilities and operations to
provide cannabis-based products and services in California, announced that it
has prevailed in a long-lasting lawsuit with America E Group. According to the
update, United States District Court Judge Gregory H. Woods of the United
States District Court for the Southern District of New York on January 28,
2020, issued an opinion and order in the action entitled, American E Group LLC
v. Livewire Ergogenics Inc. (18-civ-3969) that granted Livewire Ergogenics
Inc’s (“Livewire”) motion to dismiss all of Plaintiff American E Group’s
(“AEG”) claims against Livewire. The Court additionally denied AEG any attempt
to reassert its claims because any attempt to do so would be “futile.” AEG’s
dismissed claims sought, as consideration for a loan that had been made to the
Company, the recovery of principal and interest and issuance of Livewire stock;
however, The Court held that AEG’s loan to Livewire was criminally usurious
and, therefore, void under New York law. Livewire’s counterclaims against AEG
for aiding and abetting breach of fiduciary duty, breach of implied covenant of
good faith and fair dealing and civil conspiracy are still pending.
To view the full press release, visit http://ibn.fm/XGCva
About LiveWire
LiveWire Ergogenics, Inc. (LVVV) specializes in identifying
and monetizing current and future trends in the human and veterinary health and
wellness industry. The Company is focused on acquiring, managing and licensing
specialized “closed loop” turnkey cannabis real estate locations of fully
compliant and permitted turnkey facilities to produce cannabis-based products
and services in California and the state-wide distribution of these products.
This includes verification of zero pesticide products for quality brands via
its “7X Pure” Cannabis Verification System, the development, licensing and
distribution of legal and high-quality cannabinoid-based products and services
and the creation of the high-quality “Estrella Weedery” brand. LiveWire
Ergogenics does not produce, sell or distribute products that are in violation
of the United States Controlled Substance Act. For more information, please
visit: www.LiveWireErgogenics.com.
NOTE TO INVESTORS: The latest news and updates
relating to LVVV are available in the company’s newsroom at http://ibn.fm/LVVV
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment