O..of course..Getfugu, Inc. (OTCBB: GFGUE), the next generation mobile search tool, today announced that it has filed a $500 million Lawsuit against James Hunt, Richard Parsons, Richard Oparil and Patton Boggs for Malicious Prosecution, Libel, Slander Per Se, Defamation, Intentional Interference With Prospective Economic Advantage, Unlawful And Fraudulent Business Practices, Declaratory Relief and Demand for Jury Trial following a favorable ruling by a Federal Court on August 26, 2010, dismissing with prejudice all civil RICO claims brought against the Company and its officers and directors. In throwing out the frivolous litigation filed against the Company, U.S. District Court Judge George H. King determined that there was absolutely no valid basis to file a lawsuit accusing the company of being a racketeer influenced corrupt organization.
An excerpt from the new lawsuit filed by the Company immediately following the Federal Court's ruling in its favor states: "Utilizing a deliberate campaign of misinformation, threats and extortion, defendants hatched a scheme to insinuate themselves and their cohorts into the lives of a public company and an established international businessman, asserting patents they do not even own were somehow infringed by the comprehensive portfolio of Getfugu's intellectual property. They further falsely claimed that investor, entrepreneur and financier Carl Freer inexplicably owed them millions of dollars for nothing. Defendants filed a frivolous RICO lawsuit in federal court and then widely and publicly touted that Plaintiffs were being sued for racketeering. The RICO claims were dismissed with prejudice. Defendants launched a whisper campaign of concocted innuendo, while at the same time threatening to present bogus charges to regulators, and make knowingly fallacious public accusations, all in ploy to illegally manipulate the public market for Getfugu's common stock and undermine the success of valuable products, in order to extort an undeserved windfall for themselves and their co-conspirators."
The defendants include law firms Patton Boggs LLP and Cummins & White LLP, attorneys Richard J. Oparil and Iman Reza, Simon Davies, David Warnock, Christine Dolan, James Hunt, Richard Parsons, V-LVA, LLC, "PsyIntel" an entity of form unknown, and other co-conspirators, including "John Doe" defendants making false Internet, message board postings and press releases using fake names.
Carl Freer, Getfugu Co-Founder and President, stated, "Frivolous lawsuits filed solely to enable outlandish accusations that defraud investors, shareholders and the media need to be thoroughly investigated and dealt with. We are pleased that the Federal Court has vindicated us. The truth has won out and the prevaricators have been exposed for what they are. We look forward to resuming our forward-leaning technology business."
About Getfugu
Getfugu, Inc.'s revolutionary "See It, Say It, Get It" technology is the first carrier agnostic, platform agnostic mobile search platform. Getfugu will change the way people access the web with their mobile phones. It is designed to facilitate and encourage users by integrating the mobile phone's core strengths -- image, voice and location recognition -- into a single customizable application. Additionally, Getfugu offers the only mobile e-commerce platform available worldwide today. The Getfugu platform will soon be available for 97% of the mobile phones available (over 3.3 billion handsets) worldwide.
For more information on Getfugu, please visit our website at: www.Getfugu.com
Forward-Looking Statements
Except for statements of historical fact, the matters discussed above are forward-looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, intense competition, and difficulty in developing, exploiting and protecting proprietary technologies; as well as additional risks factors discussed in the reports filed by the company with the Securities and Exchange Commission, which are available on its website at sec.gov. Except as required by law, the company undertakes no obligation to update any information.
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