Ex-Valcom CEO, Execs Fire Back At 'Baseless' RICO Suit

Law360, New York (September 19, 2013, 3:09 PM EDT) -- Entertainment company Valcom Inc.’s former CEO, other executives and shareholders fired back Thursday at a New Jersey federal racketeering suit accusing them of defrauding Valcom out of millions of shares, saying they’re being maliciously scapegoated for Valcom’s financial woes.

In a motion to dismiss, former Valcom CEO Vincent Vellardita, his wife Teresa Vellardita, former Valcom employee Ingrid Clavijo, former Valcom board director Frank O’Donnell and competing entertainment company Bridgeport Enterprises Inc. blasted Valcom for recklessly over-pleading its suit and including a "baseless" claim for violation of...
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