29.2 C
Dubai
Friday, November 22, 2024
spot_img

CORE SPORTS Receives $2.5M Verdict against SYCAMORE ENTERTAINMENT GROUP, INC.

[ad_1]

Further lawsuits planned against SEGI’s CEO Edward A.Sylvin; Century Director

DubaiUAE and Angel, August 11, 2022 /PR Newswire/ –Open August 3, 2022Los Angeles Superior Court Judge Mark A. Young default judgment $2,522,525.26 Support All N Sports Services, LLC d/b/a Core Sports against Sycamore Entertainment Group, Inc.

The lawsuit stemmed from Century’s failure to pay licensing fees for boxing matches. Dubai March 2022.The fight, dubbed ‘the most intense boxing match in history’, was Eddie Hall and Thor Bjornsson, two former champions the strongest man in the world Contest. SEGI streamed the fight, but didn’t pay a token $11,500Failure to pay Core Sports its contractually agreed fees $2.5 million License fee.exist April 2022CEO of SEGI Edward A.Sylvin Send Wire Transfer Confirmation to Core Sports $1.5 million, promised payment imminent. The wire transfer confirmation is now known to be forged, and may have been designed to deceive Core Sports into believing that SEGI intended to meet its obligations.

Commenting on the verdict, Core Sports CEO Don Idris Said: “Core Sports has fully fulfilled its obligations to SEGI, as have all of the hard-working suppliers involved in this fight, with the exception of SEGI itself. While we are delighted that the court has ruled against SEGI, this particular fight is only “just” start. We are now investigating claims against SEGI’s officers and directors, as well as individuals and entities we believe helped SEGI protect its assets. “

Litigation Attorney at Core Sports, Steven A Heath of Los Angeles, California-based on Heath SteinbeckThe LLP said: “The court’s decision on claims including fraud and breach of contract confirms what everyone in the industry already suspected – Edward Sylvin Not suitable for running a lemonade stand, let alone a public company.After filing this lawsuit June 2, 2022, we quickly obtained bank records showing that SEGI used a separate company, Silau LLC, to receive and pay its cash. We are closely reviewing this arrangement for further litigation against SEGI’s officers, directors and advisors, as well as Silau, LLC itself. “

Source Core Movement

[ad_2]

Source link

Related Articles

Dubai Celebrates Flag Day: A Tribute to Unity and National Pride

Dubai marked a proud and spirited celebration of Flag Day, a national event that has become an enduring symbol of unity, pride, and devotion...

Dubai Tourism Boom: Record Visitor Arrivals Drive Unprecedented Growth

Dubai tourism industry is experiencing an unprecedented boom, setting new records for visitor arrivals in 2024. The city, renowned for its luxurious offerings and vibrant...

Dubai Active Fitness Expo Ignites the City: Unleashing Energy and Kicking Off the Dubai Fitness Challenge

Dubai Active Fitness Expo kicks off today at Expo City Dubai, marking the beginning of the highly anticipated Dubai Fitness Challenge. The three-day event, which...

Dubai Gears Up for the Plus500 City Half Marathon: Empowering Runners to Conquer Iconic Routes

Dubai is preparing to host the highly anticipated Plus500 City Half Marathon, an event that promises to attract runners of all levels and offer...

Blockchain Life 2024 in Dubai: A Legendary Gathering of Market Insiders Ahead of the Bull Run

On October 22-23, the legendary Blockchain Life 2024 forum will take place in Dubai. Over 10,000 participants from 120 countries will come together for...

Latest Articles