satter
6時間前
Wouldn't it be cheaper to pay it off before a court proceeding where you now have incurred an additional $3,000 in interest and disbursement costs. Failing that, pay it off when you get the demand letter for payment to avoid having a default judgment. A company default judgment can appear on the company's credit report, but I gather that is not a concern considering which lenders they reach out to. Mind you the Plaintiff, Meged Funding Group is a lender they had reached out to.
I suspect the plaintiff will move to try to enforce this judgment now, more likely though against Seamus Lagan. Considering his 9,164 sq ft property last sold for 7.5 million in 2022.( his address is in the filings, if correct ) Him or they, of course can contest enforcement then if pursued, or just pay then, or don't pay. Winning a lawsuit is the easy part, collecting is the challenging difficult aspect.
That rubber band can snap different ways, not with this lawsuit of course, it is small change, but rather the settlement terms of the other action we are waiting to hear about. Agree all in my opinion only.
Mo Money Mo Money Mo
1日前
FOXO TECHNOLOGIES INC. ANNOUNCES THAT STOCKHOLDERS EQUITY IS GREATER THAN $4M, WHICH IS REQUIRED TO MEET THE CONTINUED LISTING REQUIREMENTS OF THE NYSE AMERICAN EXCHANGE
12:32:00 PM ET, 12/16/2024 - GlobeNewswire
MINNEAPOLIS, MN, Dec. 16, 2024 (GLOBE NEWSWIRE) -- FOXO Technologies Inc. (NYSE American: FOXO) (the “Company” or “FOXO”) announces that recent transactions have led to the Company having stockholders equity greater than $4M and, as a result, it has regained compliance with NYSE American continued listing requirements for stockholders equity.
As was disclosed in the Company’s Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 19, 2024, the Company had a stockholders’ deficit of approximately $17.5 million in its unaudited financial statements as of September 30, 2024. Since then, the Company has been working to secure agreements from certain creditors, debt holders, and investors to exchange their debt to equity in the form of Preferred Stock which would be treated as equity.
satter
2日前
New Updated STATUS REPORT by The United States of America (Werner, David) (Entered: 12/19/2024)
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA
CASE NO. 21-CV-81334-WM
UNITED STATES OF AMERICA
ex rel. CLIFFORD BARON
Plaintiff/Relator,
v.
RENNOVA HEALTH, INC., PB LABORATORIES,
LLC d/b/a COLLECTAWAY, LLC, MEDYTOX
MEDICAL MARKETING & SALES, INC.,
SEAMUS LAGAN, ALCIMEDE, INC.,
JELLICO MEDICAL CENTER, INC.,
JAMESTOWN TN MEDICAL CENTER d/b/a
JAMESTOWN REGIONAL MEDICAL CENTER,
RENNOVA COMMUNITY HEALTH, INC.,
PLATINUM FINANCIAL SOLUTIONS, LLC., and
CHRISTOPHER DIAMANTIS,
Defendants.
___________________________________________
STATUS REPORT ON SETTLEMENT AND FINAL RESOLUTION
The United States of America, through undersigned counsel and pursuant to the Court’s Order [D.E. 98], file this Status Update regarding the settlement and final resolution of this matter.
At mediation, the Parties reached a settlement in principle to resolve all remaining claims alleged by the Government against Defendants Jellico Medical Center, Inc., Jamestown TN Medical Center, and Rennova Health, Inc., in the operative Second Amended Complaint. To resolve this case that arises under the False Claims Act, the United States has obtained the necessary agency approvals of the proposed settlement terms. As the Court recognized in its prior Order [D.E. 95], obtaining authority from the interested within the Government takes time, which occurred here as several terms of the settlement, including payments of the monetary settlement over time, necessitated additional scrutiny, review, and justification.
The Parties and agencies have conducted their review of the draft Settlement Agreement and Release. Through these reviews, the Parties and agencies offered edits and changes to the proposed language of the Settlement Agreement and Release, although they did not materially alter the terms and conditions. The Parties are now reviewing the final version of the Settlement Agreement and Release that incorporates these edits and changes. As of the filing of this Status Update, the Parties endeavor to circulate a final, executable copy amongst the signatories on December 20, 2024 for full execution by all necessary Parties and agencies. After all the necessary signatures are obtained, the Parties will file their Joint Stipulation for Dismissal with a copy of the fully executed Settlement Agreement appended thereto.
Lastly, the Relator and the Defendants are in the midst of resolving the issue surrounding the Relator’s entitlement to reasonable attorney’s fees and costs. In both the draft Settlement Agreement and the to-be-filed Joint Stipulation for Dismissal, the Relator and the Defendants expressly state that they will reserve their right for the Court to adjudicate any claim for reasonable expenses, attorneys’ fees, and costs pursuant to 31 U.S.C. § 3730(d) should it be necessary.
Dated: December 19, 2024
Respectfully submitted,
MARKENZY LAPOINTE
UNITED STATES ATTORNEY
/s/ David Werner
DAVID WERNER
Assistant United States Attorney
Fla. Bar. No. 113436
99 N.E. 4th Street
Miami, Florida 33132
Telephone: (786) 439-3194
Facsimile: (305) 530-7139
Email: David.Werner@usdoj.gov
Counsel for United States of America
Lastly, the Relator and the Defendants are in the midst of resolving the issue surrounding the Relator’s entitlement to reasonable attorney’s fees and costs. In both the draft Settlement Agreement and the to-be-filed Joint Stipulation for Dismissal, the Relator and the Defendants expressly state that they will reserve their right for the Court to adjudicate any claim for reasonable expenses, attorneys’ fees, and costs pursuant to 31 U.S.C. § 3730(d) should it be necessary.
Dated: December 19, 2024
Respectfully submitted,
MARKENZY LAPOINTE
UNITED STATES ATTORNEY
/s/ David Werner
DAVID WERNER
Assistant United States Attorney
Fla. Bar. No. 113436
99 N.E. 4th Street
Miami, Florida 33132
Telephone: (786) 439-3194
Facsimile: (305) 530-7139
Email: David.Werner@usdoj.gov
Counsel for United States of America
CERTIFICATE OF AND SERVICE
I hereby certify that on December 19, 2024, I electronically filed the foregoing document with the Clerk of the Court using CM/ECF. I also certify that the foregoing document is being served this day on all counsel of record identified on the Service List below in the manner specified, either via transmission of Notices of Electronic Filing generated by CM/ECF or in some other authorized manner for those counsel or parties who are not authorized to receive electronically Notices of Electronic Filing.
/s/ David Werner
By: David Werner
Assistant United States Attorney
SERVICE LIST
Jonathan Kroner, Esq.
jk@FloridaFalseClaim.com
Florida Bar No. 328677
Jonathan Kroner Law Office
6001 N Ocean Dr., Ste. 806
Hollywood, FL 33019-4617
305.310.6046
Royston H. Delaney, Esq.
rory@rorydelaney.com
RORY DELANEY, ESQ., LLC
50 Congress Street, Suite 600
Boston, Massachusetts 02109
(857) 498-0384
Ilyas J. Rona, Esq.
ijr@mrdklaw.com
MILLIGAN RONA DURAN & KING LLC
50 Congress Street, Suite 600
Boston, Massachusetts 02109
(617) 395-9570
Counsel for the Relator
Erik R. Matheney
Ematheney@shutts.com
S. Elizabeth King
Eking@shutts.com
Shutts & Bowen
4301 W. Boy Scout Suite 300
Tampa, FL 33607
USA
(813) 227-8123
Counsel for Defendants Rennova Health, Inc., Jellico Medical Center, Inc., and Jamestown TN Medical Center