CEO of EQCO2, Inc. (CLNO) Gets Slammed With Restraining Order, Official Video From Las Vegas Justice Court
- uploaded: Oct 12, 2013
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On Sept 13, 2013 in the Las Vegas Justice Court, CEO of EQCO2, Inc. (CLNO) Billy Barnwell, who was accompanied by Arnold F. Sock (non practicing attorney) was issued a TRO (Temporary Restraining Order) by District Court Judge Nancy Allf.
The judge found the testimony and arguments by Attorneys Anthony Santos and Harold Gewerter (Attorneys for Plaintiffs) sufficient to shut down CEO of EQCO2, Inc. (CLNO) Billy Barnwell (Defendant).
The decision was handed down after Billy Barnwell's hijack attempt and irregular behavior was brought to the courts attention.
The restraining order was put in place, "effective immediately" to mitigate and/or prevent any past, present or future harm Billy Barnwell has done or could do to the shareholders of EQCO2, Inc. (CLNO).
Around the 6:00 minute mark in the video, District Court Judge Nancy Allf in reference to the rescission clauses in the exchange agreement, in her own words states that "is a likely hood of success on the merits, in this case there was an exchange agreement entered on or about May 5th, 2013 that has provisions for termination..."
The judge further makes references to CEO of EQCO2, Inc. (CLNO) Billy Barnwell irregular behavior regarding the unlawful board meeting where he removes a board member, votes in Arnold F. Sock (non practicing attorney) as board member and CFO, moves the corporate address then the Company issues shares to him.
Shad Sullivan is Director of EQCO2, Inc. (CLNO).
The TRO was awarded related to an ongoing Fraud, Misrepresentation, Non Performance & Breach of Contract lawsuit between Discovery Carbon, EQCO2, Inc., Billy Barnwell Vs. Crown Equity Holdings Inc. and Zaman & Co that is based on an Exchange Agreement.
The restraining order is in place to prevent Billy Barnwell from issuing shares to unsuspecting investors and diluting the company.
It also effectively locks him out of the corporate bank account and stops any and all transactions including the issuance of stock certificates at the transfer agent that handles EQCO2's stock transfers.
Crown Equity Holdings is seeking a cancellation of the Exchange Agreement between Discovery Carbon Environmental Securities and Cleantech Transit, Inc. In addition, Crown Equity had notified the SEC, Finra and FBI of possible inappropriate solicitations, fraud and lack of transparency by EQCO2, Inc. (CLNO) CEO Billy Barnwell.
The Legal Complaint alleges breach of contract, nonperformance, fraud and misrepresentation against the Defendants.
You can find the Entire Lawsuit at (http://crownequityholdings.com/CRWE_vs_EQCO2.pdf) with the Case No. A-13-687800-C (http://crownequityholdings.com/CaseDetail.aspx.htm), the TRO (Temporary Restraining Order) awarded to Crown Equity Holdings Against Discovery Carbon and EQCO2, Inc. (CLNO) CEO Billy Barnwell (among others) at http://crownequityholdings.com/restraining_order_barnwell.pdf. and Current SEC Filings at http://crownequityholdings.com/sec_filings.html
Attorneys for Plaintiffs:
Harold Gewerter, Esq., Ltd.
Antony M. Santos, Esq.
Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as the Company or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, such statements in this release that describe the company’s business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company.