Business
International Star Inc. Responds to Legal Action and Announces Active Negotiations with Merger Candidate
International Star Inc. Responds to Legal Action and Announces Active Negotiations with Merger Candidate.
About this update from International Star, Inc.
[{"type":"text","content":"Dover, DE — International Star Inc. (OTC: ILST) today confirmed that it and certain directors have been named in a legal proceeding initiated by Mr. Dan Rubin in the Ontario Superior Court of Justice. The claim relates to an alleged labor dispute arising from his recent termination.This action follows a lawsuit filed by ILST, through its U.S. counsel, against Mr. Rubin in the State of Delaware, citing evidence of misconduct during his tenure. Mr. Rubin’s counter-litigation for alleged wrongful dismissal is being vigorously contested. The Company has retained counsel in both the United States and Canada to protect the interests of ILST and its shareholders.Mr. Rubin previously held an executive role at Budding Equity Inc., a wholly owned subsidiary of ILST, before his termination in May of 2025. ILST remains focused on ensuring the continuity of Budding’s operations, as well as actively negotiating with new merger opportunities for ILST, aiming to drive growth and shareholder value. About International Star Inc.International Star Inc. (OTC: ILST) is a diversified investment company focused on cannabis, celebrity-driven brands, entertainment ventures, and strategic joint ventures. The company seeks to unlock value through partnerships that deliver both creative innovation and commercial scalability. For media inquiries, please contact:[email protected] Star, Inc.8 The GreenSuite 16020Dover, DE 19901Website: www.ilstinc.com Forward-Looking StatementThe information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with ...