.jpg)
In response to today's legal update from the TradingScreen Shareholders Association', TradingScreen issued the following statement:
“After having several meritless, baseless, and frivolous actions and motions ruled against him by three different courts and an AAA arbitration panel, and having fired no less than 9 different legal counsel, Mr. Buhannic is now seeking to sue those who have represented the Company, ruled against him or in his mind somehow otherwise wronged him. This flailing and irresponsible misuse of the legal system to pursue his personal grudges has exceeded the limits of logic.
“With regard to the ‘RICO’ action, the original defendants have already moved to dismiss this frivolous lawsuit, which is before the same judge who, in denying Philippe’s action to vacate the AAA arbitration award against him last July in which Philippe had made many of the same false and inflammatory claims as he alleges in this action, found that Philippe’s arguments and claims were ‘completely without merit’ and ‘lack any factual basis,’ and he had ‘proffer[ed] a far-fetched, unsubstantiated, and purely speculative conspiracy theory.’
“TradingScreen anticipates that this case will likewise be dismissed in due course.”
