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Microcap & Penny Stocks : International Automated Systems
IAUS 0.04000.0%Jul 8 4:00 PM EDT

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From: TEDennis8/30/2023 7:44:02 PM
   of 7616
 
Back on 07/26/2019 the court-appointed receiver filed a civil case against Randale Johnson, who is Neldon Johnson's son.

Case number: 2:19-cv-00534

The Initial claim amount was $1,143,000

The case was assigned to Judge David Nuffer. He was the judge on the underlying "Massive Fraud" civil case against IAS/RaPower3, Neldon Johnson, Greg Shepard, and Roger Freeborn (RIP)

Earlier this year, Randale's case was joined with LaGrand Johnson's case number 2:19-cv-534 for trial purposes only. They share the same underlying legal issues.

LaGrand is another one of Neldon Johnson's sons.

The Initial claim amount against LaGrand was $2,388,527.84

The two case(s) were *finally* going to court on 9/15/2023. Next month. That's over FOUR YEARS from the time the cases were filed by the Receiver.

Two weeks ago on 08/17/2023, Randale filed for bankruptcy, thus staying his case until his bankruptcy is cleared. If ever.

So, what does that mean for LaGrand's case? Does it continue to trial on 9/15/2023 as scheduled?

Or, will LaGrand file for bankruptcy also, and stay his case, too?

That would open up a few days on Judge Nuffer's court calendar. Maybe he can take some time off !!! He could use some after having to deal with this circus for EIGHT YEARS.

Sure is a pretty day.

TED
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