CirTran/PlayBev Continue to Gain Legal Victories Over Playboy
January 09 2014 - 08:45AM
Business Wire
7th Win in 7 Legal Battles with Playboy
Enterprises
CirTran Corporation (OTC BB:CIRC) and its Play Beverages partner
continued to be a big and consistent winner in their on-going legal
battle with Playboy Enterprises this week as the Circuit Court of
Cook County, Illinois ruled in favor of the companies and their
senior executives.
The Hon. Kathleen M. Pantle dismissed all claims brought by
Playboy against CirTran Corporation, and personally against CirTran
President Iehab J. Hawatmeh and fellow senior executive Fadi Nora.
Judge Pantel’s ruling focused on Playboy’s inability to plead facts
sufficient to state a claim against these parties under Illinois
law. She allowed Playboy the opportunity to file an amended
complaint if Playboy can honestly assert facts that would allow
Playboy to pierce the corporate veil.
This was the seventh time in as many rulings (since December
2012) that CirTran and its partners have won in court against
Playboy.
In a related matter, Judge Pantle granted CirTran and its Play
Beverages partners’ motion to compel Jimmy Esebag and United
Licensing Group to respond to discovery requests and deposition
questions, finding that Mr. Esebag and Playboy’s legal counsel
engaged in obstructionist conduct by refusing to produce relevant
evidence and testimony. Judge Pantel also reserved on awarding fees
and sanctions against Mr. Esebag and Playboy for a later date.
“While we have spent too much time in court battling seemingly
never-ending yet fruitless charges brought by Playboy, we are
delighted to again have the court rule in our favor,” Mr. Hawatmeh
said.
“Beverage distribution continues to be the flagship of our
product line,” he added, “and we are moving ahead with sales and
distribution of Playboy Energy Drink
with the famous rabbit trademark, in 20 countries in Asia, the
Middle East, Africa, the U.S., South America, Europe and
Canada.”
About CirTran Corporation
Founded in 1993, CirTran Corporation (www.cirtran.com) has
evolved from its roots in electronics to focus on manufacturing and
marketing Playboy Energy Drink worldwide. In 2007, CirTran created
its CirTran Beverage subsidiary, which partnered with Play
Beverages LLC, to introduce and distribute Playboy Energy Drink a
year later. CirTran also continues to maintain the capabilities of
its previous core business in off-shore manufacturing of
high-volume electronics, fitness equipment and household products
for the multi-billion-dollar direct response industry.
This press release contains forward-looking statements within
the meaning of section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. With the
exception of historical information contained herein, the matters
discussed in this press release involve risk and uncertainties.
Actual results could differ materially from those expressed in any
forward-looking statement. CirTran disclaims any obligation or
intention to update any forward-looking statement.
CirTran CorporationIehab J. Hawatmeh,
+801-963-5112iehab@cirtran.com
CirTran (PK) (USOTC:CIRX)
Historical Stock Chart
From Feb 2024 to Mar 2024
CirTran (PK) (USOTC:CIRX)
Historical Stock Chart
From Mar 2023 to Mar 2024