FREE Daily Stock Alerts From Stock-PR.com
CEO of EQCO2 William Barnwell has been named in lawsuit. The complaint against William Barnwell and EQCO2 alleges fraud and misrepresentation, breach of contract, and nonperformance.
Plaintiffs Crown Equity Holdings, Inc., a Nevada Corporation and ZAMAN & Co, a Nevada Corporation, bring this complaint (1) in their respective individual capacities; and (2) derivatively, as shareholders of nominal-Defendant EQCO2, INC. (F/K/A CLEANTECH TRANSIT, INC.) a Nevada Corporation, against Defendants DISCOVERY CARBON ENVIRONMENTAL SECURITIES, INC., a Nevada Corporation and WILLIAM BARNWELL, an Individual. The Complaint centers on an Exchange Agreement between Plaintiff CROWN, EQCO2, INC. (F/K/A CLEANTECH TRANSIT, INC.) (âCTIâ) and Defendant DISCOVERY CARBON ENVIRONMENTAL SECURITIES, INC., a significant controlling stake in CTI in the form of newly issued Series âBâ Preferred Shares. The Complaint alleges breach of contract, nonperformance, fraud and misrepresentation against the Defendants, the Plaintiffs both individually and a dirivative capacity, seek to rescind the Exchange Agreement as a result.
Remember: Always do your homework and consult your own financial professional.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.