Item 3. Legal Proceedings
ITEM
3. LEGAL PROCEEDINGS.
On
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. (“OZOP”)
and Brian Conway, Ozop’s Chief Executive Officer, (the “CEO”). OZOP and the CEO are collectively referred to herein
as “Defendants”. On May 12, 2021, the plaintiff and or their counsel, gave notice that the above action is voluntarily dismissed,
pursuant to Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure, without prejudice against the defendants Brian Conway and OZOP
Energy Solutions, Inc.
Other
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,
threatened or contemplated or any unsatisfied judgments against the Company.
ITEM
4. MINE SAFETY DISCLOSURES.
Not
applicable.
9
PART
II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.