LEGAL PROCEEDINGS.
−Removed: March 4, 2021 a Complaint and Demand for Jury Trial (the “Complaint”) was filed by a plaintiff (the “Plaintiff”)
+Added: March 4, 2021 a Complaint and Demand for Jury Trial (the “Complaint”) was filed by a plaintiff (the “Plaintiff”)
in the United States District Court for the Southern District of New York.
The Complaint named Ozop Energy Solutions, Inc.
−Removed: (“OZOP”)
−Removed: and Brian Conway, Ozop’s Chief Executive Officer, (the “CEO”).
+Added: and Brian Conway, Ozop’s Chief Executive Officer, (the “CEO”).
OZOP and the CEO are collectively referred to herein
−Removed: as “Defendants”.
−Removed: The Complaint alleges that the Plaintiff’s purchase and sale of OZOP’s securities, and damages
−Removed: caused by OZOP and its CEO, were violations of federal and state securities law and common laws.
−Removed: This securities fraud complaint is based
−Removed: on two (2) press releases issued by OZOP:
−Removed: the first dated January 12, 2021, which the complainant alleges contained materially false
−Removed: and misleading information about the execution of a Master Supply Agreement, and the second dated February 5, 2021, that retracted the
−Removed: press release it issued on January 12, 2021.
−Removed: In reliance on OZOP’s January 12, 2021 press release (which was retracted and corrected
−Removed: by OZOP’s February 5, 2021 press release), on the same date, Plaintiff sold all of his 4,370,180 OZOP shares on the public market.
−Removed: The Plaintiff alleges that the February 5, 2021 corrective press release (which retracted the January 12, 2021 press release and corrected
−Removed: the material misrepresentations provided therein) caused a dramatic increase in the price of OZOP’s shares, significantly in excess
−Removed: of the price at which Plaintiff sold his OZOP shares on January 12, 2021 (in reliance on the January 12, 2021 press release), causing
−Removed: Plaintiff to suffer significant losses, in excess of two Million Dollars, as a direct and proximate result of Defendants’
−Removed: misrepresentations.
−Removed: The Company disputes the allegations in the Complaint has engaged counsel to vigorously defend the Company and the
−Removed: November 12, 2020, a former employee of PCTI filed a Charge of Discrimination against PCTI, for wrongful discharge based on sex
−Removed: and retaliation with the Equal Employment Opportunity Commission (“EEOC”) and the Pennsylvania Human Relations Commission
−Removed: for events occurring on or before June 3, 2020.
−Removed: The matter is currently under investigation with the EEOC.
−Removed: than the above, we know of no legal proceedings to which we are a party or to which any of our property is the subject, which
−Removed: are pending, threatened or contemplated or any unsatisfied judgments against the Company.
+Added: as “Defendants”.
+Added: On May 12, 2021, the plaintiff and or their counsel, gave notice that the above action is voluntarily dismissed,
+Added: pursuant to Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure, without prejudice against the defendants Brian Conway and OZOP
+Added: Energy Solutions, Inc.
+Added: than the above, we know of no legal proceedings to which we are a party or to which any of our property is the subject, which are pending,
+Added: threatened or contemplated or any unsatisfied judgments against the Company.
MINE SAFETY DISCLOSURES.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.