Analysis
This claim is made against the proceeds that the Defendant`s 23,500 ELSco shares received under ELSco-JohnWiley Stock
Purchase Agreement.
Damages Sought
PLAINTIFF`S "ELSCO SHARES
OWNERSHIP"...
PLAINTIFF`S ENTITLEMENT TO PAYOUT...
Because the 50,000 K2000 Child-Support collateral shares were the "raison d`etre"
of and the value being "converted" in the
Conversion Deal,
and they were owned by the Plaintiff at the time of the consummation of the deal, then the value
received (i.e., payout) in the deal should rightfully be assigned to the Plaintiff.
With respect to the
Conversion
Deal
in August 2006, this lawsuit claims that the Plaintiff had a legal right to the title of the 23,500
ELSco shares that the Defendant received in that deal.
The plaintiff makes this claim on the following basis:
The plaintiff makes this claim on the following basis:
- From the
analysis of Plaintiff`s Title To 50,000 K2000 Child-Support Collateral
Shares
claim
presented in the "Child-Support Breach" webpage, the Plaintiff was
the owner of the 50,000 K2000 child support collateral shares at the time of the
Conversion Deal
transaction, not the Defendant;
AND - The Defendant`s acquisition of the 23,500 ELSco shares involved a fraudulent
use of those 50,000 K2000 Child-Support collateral shares;
THEN - Because the Defendant received the 23,500 ELSco shares based on her assumed title to the 50,000 K2000 Child-Support collateral shares (that were actually owned by the Plaintiff at the time), then it was not the Defendant, but the Plaintiff who should have legal title to those shares; a claim which aligns with the fact that all other K2000 shareholders were the owners of the K2000 shares that they had "converted" to ELSco shares in the original .
PLAINTIFF`S ENTITLEMENT TO PAYOUT...
the Plaintiff Further claims rights to the proceeds that the defendant received
from the sale of 23,500 ELSco shares under ELSco-JohnWiley Stock Purchase
Agreement.
This claim is simply made on the basis of the above "ELSCO SHARES OWNERSHIP" claim (i.e., that the Plaintiff claims legal title to those 23,500 ELSco shares).
From the above analysis, the Plaintiff claims the payout that the defendant received under that agreement
This claim is simply made on the basis of the above "ELSCO SHARES OWNERSHIP" claim (i.e., that the Plaintiff claims legal title to those 23,500 ELSco shares).
From the above analysis, the Plaintiff claims the payout that the defendant received under that agreement
The damages sought are calculated from the following statement received by the Defendant...
TOTAL DAMAGES SOUGHT ... $103,127 ($89,676+$13,451)
TOTAL DAMAGES SOUGHT ... $103,127 ($89,676+$13,451)