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Gannaway Plaintiffs Refile Suit Against Frankly in State Court After Voluntarily Dismissing Their Federal SuitSAN FRANCISCO, March 20, 2018 /PRNewswire/ -- Frankly Inc. (TSX VENTURE: TLK), a leader in transforming local TV broadcasters and media companies by enabling them to publish and monetize their digital content across multiple platforms, acknowledges that three days after voluntarily dismissing their pending federal lawsuit against Frankly and related parties, a Complaint has been filed, but not yet served, by Gannaway Entertainment, Inc. ("GEI"), Albert C. Gannaway III, and Samantha Gannaway in California Superior Court, San Francisco Court, against Frankly and others alleging fraud and breach of fiduciary duties, arising out of Frankly's acquisition of Gannaway Web Holdings, LLC ("Worldnow") from GEI and other parties in 2015. Frankly's CEO, Steve Chung, noted that "plaintiffs delayed for months the hearing of our motion to dismiss and then, tellingly, withdrew their action on the eve of that hearing. We remain confident that plaintiffs' game of cat and mouse and their meritless claims will be resolved in our favor." Frankly is reviewing the Complaint with its counsl and believes that the claims are without merit. If and when served with the Complaint, Frankly intends to defend the claims vigorously. About Frankly Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Notice Regarding Forward-Looking Statements View original content:http://www.prnewswire.com/news-releases/gannaway-plaintiffs-refile-suit-against-frankly-in-state-court-after-voluntarily-dismissing-their-federal-suit-300617176.html SOURCE Frankly Inc. |