's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
»'s Bulletin Board » Hot Stocks Free for All ! » USXP files $269m lawsuit! Say $700m already won is collectable!

 - UBBFriend: Email this page to someone!    
Author Topic: USXP files $269m lawsuit! Say $700m already won is collectable!

Member Rated:
Icon 1 posted      Profile for rickpic     Send New Private Message       Edit/Delete Post   Reply With Quote 
Universal Express Sues Capitalliance Financial Services LLC, Union Commercial LLC and Others for $269 Million for Fraud, False Documents and Misrepresentation
10/5/2005 8:00:07 AM
NEW YORK, Oct 05, 2005 (BUSINESS WIRE) -- Universal Express Inc.'s ( USXP ), General Counsel, Chris Gunderson announced that the Company has filed a $269 million lawsuit against Capitalliance Financial Services LLC, Union Commercial LLC, Mel Derutledge and numerous other corporate and individual defendants, for fraud, false documents and misrepresentation, in connection with various schemes against Universal Express, its subsidiaries and others.

"These defendants have engaged in a long term pattern of fraud, false documents and misrepresentation to obtain monies and stock from Universal Express and other businesses through various investment schemes and insurance related scams", stated Mr. Gunderson.

"Universal Express has always been diligent in pursuing malefactors, private or governmental, who damage or attempt to damage our businesses or hard-working American businesses", continued Mr. Gunderson.

"We have been singularly successful in the past in pursuing our remedies. For example, Universal Express was successful in obtaining two separate state jury verdicts in Dade County, Florida against defrauders and 'naked shorters' totaling $389 Million and $137 Million, respectively, including punitive damages", noted Mr. Gunderson.

"These judgments, along with post-judgment interest, now total in excess of $700 Million. Let me assure our stockholders that are collection efforts in this regard are in high-gear and despite the time gone by, we remain more optimistic than ever regarding their collectability", concluded Mr. Gunderson.

Any questions concerning this new court action on behalf of Universal Express may be directed to Mr. Gunderson at the Company's New York headquarters in Rockefeller Center at his e-mail cgunderson*

About Universal Express

Universal Express, Inc. is a 22 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit

Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

SOURCE: Universal Express Inc.

Nothing moves a sub like news!!!

Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003  |  IP: Logged | Report this post to a Moderator

Icon 1 posted      Profile for Fatso         Edit/Delete Post   Reply With Quote 
Wow. Do you know anything about the merits of the claim? What specifically are they saying those guys did wrong?


Posts: 277 | Registered: Aug 2005  |  IP: Logged | Report this post to a Moderator

Quick Reply

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins

Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:

Contact Us | Message Board Home

© 1997 - 2018 All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2