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Press & Updates
November 29, 2023
A U.S. Federal District court denied toxic dilution funders motion to dismiss based on California' usury statutes. Social Life Network, Inc (now Decentralized Life) denied toxic dilution funder LGH Investments, LLC and Lucas Hoppel motion to dismiss the case finding that the transaction is usurious . Case no. 3:21-cv-000767 (SDCA)
May 25, 2023
United States Circuit Court of Appeals for the 9Th Circuit reversed and remands Decentralized Lifes, Inc. (WDLF) dismissal by dilution funder LGH Capital. Court reversed the Districts finding that California's usury laws applied to the dilution funders transaction. Case no. 22-55774.
March 1, 2023
SDNY federal court denies toxic lender EMA Financial's motion to dismiss a Federal RICO claim brought by our client Darkpulse, Inc. (DPLS) on the ground that the complaint sufficiently alleged that EMA was engaged in the business of collection of an unlawful debt. Case no. 1:22-cv-45
December 10, 2021
A Massachusetts Federal Court denies toxic lender's motion to dismiss counterclaims that Auctus Fund LLC violated the dealer registration requirement of the Securities Act and denied dismissal of our clients rescission claim. Auctus Fund, LLC v Players Network, Inc. Case no. 1:20-cv-10766