Former Chairman of Rocky Mountain High Brands Files Appeal On Recent Court Ruling
September 16 2018 - 3:24PM
InvestorsHub NewsWire
Former Chairman of Rocky
Mountain High Brands Files Appeal On Recent Court
Ruling
Dallas, TX
-- September
16, 2018
-- InvestorsHub
NewsWire -- On September 7, 2018,
Jerry Grisaffi, former Chairman of
Rocky Mountain High Brands, Inc. (OTC:
RMHB) filed a
notice of
appeal with the
Court of
Appeals, 5th District
of Texas
at Dallas, from the August 30, 2018 Order issued by the
192nd District Court in and
for Dallas County, Texas. The District Court's Order, detailed in
the Company's most recent
Form 8-K
filing and press release, awarded a default judgment against
Grisaffi as a sanction for contested discovery
failures, striking his answer
and separately dismissing a derivative shareholder
claim.
Grisaffi said,
"This ruling was based
on technical
disputes about
discovery without any bearing
on the merits of my claims
against the Company. There has yet to be
any evidence presented in this matter and I believe it will become
clear as this case
progresses that the
Company's litigation tactics were designed to thwart a presentation
of the facts and conceal its bad acts from the Court and its
shareholders. The Company's SEC filings speak volumes about
mismanagement and self-dealing since I left; eventually these
matters will be fully revealed. If this Court doesn't
want me to prosecute the derivative claims, I have no doubt some
other shareholder will."
The appeal process is
expected to take up to six months.
Grisaffi
separate
malpractice case against his former personal
attorney David Seeberger, an officer and
director of Rocky Mountain High Brands, continues. He
seeks
damages
in the amount of $1,000,000, but this
amount could
be
increased based on the Company's
case. Grisaffi said,
"Seeberger did not provide me or the Company with competent,
independent legal counsel. The Company is claiming that actions I
took in reliance on Mr. Seeberger's advice or opinions somehow
injured it; I contest all its claims, but none of this would've
come up if he had simply done his job."
Source: Rocky Mountain High
Brands, Inc.
michael@rockymountainhighbrands.com
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