As a part of WorldVentures chapter proceedings, Wayne Nugent is required at hand over ‘passwords to sure web domains that belong to’ mum or dad firm Spherature Investments.
He hasn’t, prompting the Liquidating Trustee to file for contempt.
Nugent is required at hand over the passwords as per November twelfth approval of Spherature Investments’ chapter plan.
That plan noticed WorldVentures acquired by Verona Worldwide Holdings.
As detailed within the Trustee’s December sixteenth movement;
On September 30, 2021, Spherature Investments filed the Discover of Plan Complement.
The Plan Complement included a listing of domains and mental property (the “Domains”) that belongs to Spherature Investments and is required to be transferred by Spherature Investments and purchased by Verona Worldwide Holdings pursuant to the phrases of the Plan.
Sure of the Domains are managed by a “GoDaddy” account managed by Mr. Nugent.
Spherature Investments beforehand had entry to the GoDaddy account.
Spherature Investments tried to switch the Domains to Verona Holdings.
Nevertheless, on November 10, 2021, Spherature Investments had been unable to entry the GoDaddy account.
Upon info and perception, Mr. Nugent or somebody below his route modified his GoDaddy password, making it unimaginable for the Debtors to switch the Domains.
Upon info and perception, Mr. Nugent modified the password to exert management over the Domains.
Spherature Investments have requested that Mr. Nugent present entry to the GoDaddy account or switch the Domains to Verona Holdings.
Verona Holdings has additionally requested that Mr. Nugent switch the Domains to Verona Holdings.
In response to such requests, and solely after repeated requests and delay ways by Mr. Nugent, Mr. Nugent lastly transferred among the Domains.
Mr. Nugent, nonetheless, has refused to switch an important Domains, transferring them solely after repeated requests and counsel involvement, with an important nonetheless having not been
transferred—Rovia.com.Mr. Nugent’s failure to switch the Domains damages the Belief as a result of
(i) the Debtors are unable to meet their obligations below the Plan by transferring their Domains to the Purchaser, and
(ii) the Belief is required to pay ongoing service charges to Microsoft to keep up info associated to the Domains till they’ve been transferred.
The Trustee filed an expedited movement. As of but no ruling has been made.
In associated information, on December seventeenth Nugent was ordered to supply Spherature Investments with a duplicate of his tax returns.
The order is a part of a broader beef between Spherature Investments and Nugent, pertaining to secret chapter funds.
Keep tuned for an order on Nugent’s contempt.
Replace twenty sixth December 2021 – Wayne Nugent has filed a response to Spherature Investments’ movement.
In his response, Nugent claims he hasn’t been in a position to hand over the domains “on account of technical points with the GoDaddy web site”.
Nonetheless, all the requested domains together with rovia.com, have now been transferred to the Purchaser.
As a result of Mr. Nugent has been trying to switch the requested domains in good religion to the Purchaser for weeks and doesn’t oppose the switch of the requested domains to the Purchaser – a undeniable fact that the Movement conveniently omits – there is no such thing as a clear and convincing proof to help granting the Movement and holding Mr. Nugent in contempt.
The court docket has scheduled a listening to on the matter for January 18th.