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HPIL HOLDING SUES POWER UP LENDING GROUP LTD AND OTHER AFFILIATED ENTITIES AND INDIVIDUALS IN NEW YORK FEDERAL COURT
HPIL HOLDING SUES POWER UP LENDING GROUP LTD AND OTHER AFFILIATED ENTITIES AND INDIVIDUALS IN NEW YORK FEDERAL COURT.
About this update from Hpil Holding
[{"type":"text","content":"\n\n\n\nHPIL HOLDING SUES POWER UP LENDING GROUP LTD AND OTHER AFFILIATED ENTITIES AND INDIVIDUALS IN NEW YORK FEDERAL COURT\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nHPIL HOLDING SUES POWER UP LENDING GROUP LTD AND OTHER AFFILIATED ENTITIES AND INDIVIDUALS IN NEW YORK FEDERAL COURT\nPR Newswire\nVANCOUVER, Canada, April 25, 2022\n\n\n\nCompany Continues to Unwind Deals entered into by Prior Management\n VANCOUVER, Canada, April 25, 2022 /PRNewswire/ -- HPIL Holding (OTC: HPIL), announced that on April 22, 2022, HPIL filed a complaint in the United States District Court Eastern District of New York, Case Number 2:22-cv-02287 against Power Up Lending Group Ltd, Asher Enterprises Inc, Geneva Roth Remark Holdings Inc, Hope Capital Inc, KBM Worldwide Inc, Redstart Holdings Corp, Sixth Street Lending LLC, Vis Vires Group Inc, Curt Kramer and Seth Kramer for multiple alleged violations of Federal Securities and RICO Laws. Shareholders can review the complaint at this link: https://indd.adobe.com/view/74b267fa-cad1-4e81-a660-11e6a1f88c19\"I am please to say that the current filings both disclosures and Financials have been filed with the OTC and the Attorney letter will be filed no later than Tuesday April 26th, 2022. We are also confident that the last quarter for the year end of 2021 will be filed before April 30th, 2022\", said Stephen Brown CEO\"When we took over management of this company, we have been faced with numerous challenges including cleaning up the company's filings and reviewing transactions that prior management entered, transactions that ultimately hurt our shareholders. Our management team concluded that the company's prior transactions with POWER UP LENDING GROUP LTD and their affiliates were likely unlawful, both under state and federal law. HPIL is sending a clear message that we are not going to sit back and allow the [alleged] illegal transactions referenced in the complaint to damage our shareholders,\" said CEO Stephen Brown. \"Our board is in unanimous agreement to support our litigation team 100% with any resources it requires and to identify a...