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LG Capital's Victory Parade May Be Short Lived - Dilution Funder Facing Serious RICO Claims by Public Companies
The SEC dismissal is nothing more than a policy decision - not merits based.“WHEREAS, in the exercise of its discretion and as a policy matter, the Commission believes the dismissal of this case with prejudice is appropriate.” This is clearly a a policy decision by the SEC that now triggers concerns by public company issuers and their shareholders, that the agency may be abdicating its responsibility to protect shareholders from the risks posed by toxic lending dilution fun
Mark R. Basile, Esq.
Jul 296 min read
RICO and Criminal Usury Revived: Lessons from DarkPulse v. EMA and VNUE v. LG Capital
Two decisions out of New York federal courts— DarkPulse, Inc. v. EMA Financial, LLC , 2023 U.S. Dist. LEXIS 33994, at 1 (S.D.N.Y. Mar. 1,...
Christopher M. Basile, Esq.
Jun 164 min read
TOXIC DEBT STOCK REPAYMENTS TO LENDERS MAY BE THE NEXT TIME BOMB UNDER BANKRUPTCY AVOIDANCE LAWS
Lenders Forced Stock Conversions may be attacked in Bankruptcy as a Fraudulent Conveyance
Mark R. Basile, Esq.
Apr 7, 20234 min read
Should Default Interest be Included in a New York Criminal Usury Analysis
Default Interest and Criminal Usury - Should New York recognize default interest rate and charges on loans for usury purposes
Mark R. Basile, Esq.
Jan 31, 20236 min read
Should the NY Attorney General Expand its Investigation to Convertible Note Lenders - Usury Laws.
Our law firm is known for taking the position that fixed discount convertible notes used to finance small underfunded public companies...
Mark R. Basile, Esq.
Dec 14, 20226 min read
Florida Courts Should Apply New York’s Adar Bays Analysis to Determine Usury
Usurious loans have been the scourge of finance since early times. Despite being condemned as wrong and sinful for over 4000 years,...
Agapija Cruz, Esq.
Nov 1, 202212 min read
Derivative Liability and Its Implications for Shareholders: Can Directors and Officers Be Personally
A shareholder derivative lawsuit is an action brought on behalf of a company by a shareholder or group of shareholders that seeks to hold...
Christopher M. Basile, Esq. and Reed Baker, Esq.
Oct 17, 20224 min read
Social Media FUD (Fear, Uncertainty and Doubt) and its Impact on OTC Company Stocks
Our firm has been provided with reports from a company that specializes in market surveillance of social media postings affecting OTC...
Mark R. Basile, Esq.
Jun 23, 20224 min read
Why a CEO MUST Consult an Attorney Prior to Amending a “Choice of Law” Provision in a Contract
Most laws in our country don’t tend to differ much between states. In fact, it’s probably accurate to say that a majority of states’...
Eric J. Benzenberg, Esq.
Mar 29, 20224 min read
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