Final we checked in plaintiff Armen Temurian’s lawsuit in opposition to Phil Piccolo and mates was dismissed with prejudice.
The voluntary dismissal order overrode Piccolo’s counterclaim proceedings and closed the case.
Seems Piccolo individually sued Temurian in Florida, and that lawsuit remains to be enjoying out.
Plaintiffs Phillip Piccolo (proper), Kevin Dalton Johnson, Paul Morris and KFI Software program sued Armen Temurian, Vista Applied sciences and Vista Community in December 2019.
The lawsuit was filed in Florida’s Broward County, and seeks to get well “tons of of hundreds if not thousands and thousands” in damages.
At subject is similar unresolved issues introduced up in Temurian’s California lawsuit.
In trade for offering backend software program help, Piccolo and his co-defendants allege they have been awarded a “10% non-dilutable possession curiosity in Vista Applied sciences”.
A contract was drawn in January 2018.
With the intention to facilitate the software program integration, Vista Community
present(d) Johnson with entry to (Vista Community’s) current MLM software program.
The Plaintiffs allege
at no time did Vista Applied sciences point out to Johnson that the info inside its current software program was someway confidential/proprietary or request that he deal with it as such.
No person at Vista Applied sciences ever talked about confidentiality with respect to this information or requested that any of the Plaintiffs signal any sort of doc proscribing use/disclosure of the info.
Evaluation of supplied data revealed compatibility points.
After tons of of hours of working with that information, Johnson and his software program group have been lastly capable of repair the orphaned document and rebuild the constructions.
A lot to their frustration, no assist or enter was supplied by Vista Applied sciences as a way to accomplish this.
One fascinating allegation in Piccolo’s lawsuit is the declare that Vista Community took in $12 million price of cryptocurrency.
The Plaintiffs allege the lacking cash are losses attributable to Vista Community partaking in securities fraud.
The method of integrating Vista Community with the Plaintiff’s ecommerce system, revealed lower than $100,000 was left in Vista Networks’ AlfaCoins service provider account as of February 2018.
As soon as Vista Community’s new system went reside in February 2018, studies from associates concerning incorrect funds started to flood in.
After repeated makes an attempt to have Vista Applied sciences cope with this to no avail, Johnson/Piccolo determined to deal with the problems and credit score any associates with the quantity owed after researching the orders within the system and inside the earlier MLM software program suppliers system.
All through this era the Plaintiffs allege Temurian and Vista Community did not uphold their finish of the January 2018 settlement.
Vista Applied sciences had agreed to deposit and commerce on 8 bitcoin for Piccolo/Johnson’s profit and – based mostly on its supposedly proprietary buying and selling algorithm – had assured fee for two.5% per day for perpetuity.
Defendants (additionally) agreed to supply $100,000 in digital cryptocurrency to start buying and selling for the advantage of Piccolo/Johnson and agreed to a 2% penalty for any day that Vista Applied sciences didn’t commerce these cash on their behalf.
Vista Applied sciences by no means supplied the cryptocurrency, by no means traded on Piccolo/Johnson’s behalf, and by no means paid the two% penalty in connection therewith.
Piccolo and mates declare that by late March 2018, they have been owed “a number of hundred thousand {dollars}”.
Across the identical time the Plaintiffs declare they started to suspect “that Piccolo/Johnson have been getting used to facilitate a Ponzi scheme”.
Makes an attempt to gather from Vista Applied sciences weren’t fruitful. Finally in April 2018
Piccolo/Johnson disabled Defendant’s entry to the Again Workplace software program and the front-end web site.
That’s just about the place issues ended, until Vista Community’s November 2018 lawsuit.
Piccolo and his co-plaintiffs are in search of two declaratory judgments and and damages for seaside of contract.
On June nineteenth Temurian requested an extension of time to reply to the lawsuit.
A thirty day extension was granted on June twenty fourth, giving Temurian until July twentieth to file his reply.
Though there’s no dismissal submitting on the case docket, a July fifteenth order has scheduled a movement to dismiss listening to for September third.
We’ll be checking again in on the case subsequent month after which once more in early September.
Replace ninth November 2021 – There hasn’t been a lot to report on this case. Over the previous yr and a bit there’s been sporadic backwards and forwards filings however nothing significantly fascinating.
On September twenty sixth a jury trial was scheduled for Might 2nd, 2022.
I’ll proceed to watch the docket however, aside from a settlement, I’m not anticipating any important updates until trial.
Replace ninth April 2022 – Mediation efforts between the events have been unsuccessful.
A report filed by the mediator on February twenty third knowledgeable the courtroom of an deadlock.
So far as I do know the Might 2nd trial date remains to be on.
Replace twenty ninth Might 2022 – The Vista Community trial has been rescheduled for June twenty first, 2022.
Replace ninth July 2022 – Owing to scheduling conflicts, the Vista Community trial has been rescheduled for September twelfth.