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Telestrata, LLC. v. NetTALK.com, Inc. et al
Case Number:
1:14-cv-24137
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
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November 08, 2017
NetTalk To Cede HQ Title, $200K To Settle Derivative Suit
Digital home phone service provider NetTalk.com Inc. has agreed to hand over more than $200,000 and the title to its Miami headquarters as part of a settlement ending a derivative suit brought by shareholder Telestrata LLC over allegations that NetTalk executives illegally seized control of the telecom, according to papers filed in Florida federal court on Tuesday.
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August 20, 2015
NetTALK Execs Can't Claim Disputed Shares In Control Fight
A Florida federal judge on Wednesday blocked NetTALK.com Inc. executives, accused in a proposed shareholder derivative action of illegally seizing control of the Miami-based telecom, from exercising rights to 9.9 million contested shares, ruling that evidence indicates the shares were never legally granted to the executives.
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August 14, 2015
NetTALK Says Stock Restrictions Could Cause Bankruptcy
NetTALK.com Inc. urged a Florida federal judge on Thursday not to issue an injunction that would block its executives from exercising rights to 9.9 million contested shares and further wresting control of the Miami-based telecom, arguing that it would cause NetTALK "grave harm," or even bankruptcy.
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August 03, 2015
Telecom Investor Aims To Stop Exercise Of 10M Shares
A putative class of shareholders argued Monday for a preliminary injunction blocking netTALK.com Inc. executives from exercising rights to 9.9 million contested shares and further wresting control of the Miami-based telecom.
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July 07, 2015
Telecom Execs Accused Of Seizing Co. Can't Issue New Stock
A Florida federal judge on Tuesday blocked netTALK.com Inc. executives, accused in a shareholder class action of illegally wresting control of the Miami-based telecom, from issuing 700 million new shares of the company, ruling shareholders likely would regain control of the company from the executives.
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November 06, 2014
Telecom Execs Illegally Seized Control Of Co., Suit Says
A proposed shareholder class action filed Wednesday in Florida federal court is accusing executives of netTALK.com Inc. of illegally wresting control of the Miami-based telecom behind the backs of board members and shareholders, breaching several investment contracts.