SAN DIEGO, July 11, 2013 (GLOBE NEWSWIRE) -- Private citizen, George Sharp announced today, that an October 4, 2013 hearing has been scheduled to enter damages after Premier Brands, Inc. (OTCBB:BRND) was found guilty of participating in a spam email Pump and Dump campaign.
Mr. Sharp has identified the defendant as allegedly being involved in a scheme to disseminate spam emails in order to create a marketplace for the stock of that company at artificially high prices. The Complaint was filed by George Sharp in the San Diego County Division of California Superior Court (Case No. 37-2012-00101057-CU-NP-CTL) on July 23, 2012.
As previously announced, Premier Brands did not attempt to defend itself, in spite of the fact that their attorney, Greg Jaclin, of the law firm Anslow and Jaclin, LLP, communicated with Mr. Sharp on several occasions.
Within his complaint, Mr. Sharp states that the Defendants deliberately hired offshore promoters and/or advertisers to disseminate newsletters through unsolicited emails under the identities Stock Castle, Wall Street Penny Stock Advisors, Hottest Penny Stocks, Magic Penny Stocks, Obscure Stocks, and Ultimate Penny Stock, imploring him to buy IDOI, EMPM, MSTG and BRND stock under what is known as a Pump & Dump campaign. In spite of multiple attempts by the Plaintiff to opt out of these emails, the spam continues to be received. Under BPC § 17529.5, violators are subject to pay damages of up to $1,000 for each spam email to each recipient. Mr. Sharp is also seeking an injunction against the defendants in order to end the practice.
Mr. Sharp holds no interest in any of the stocks mentioned. Mr. Sharp invites those who have received unwanted emails from these alleged spammers to contact him. Updates to this litigation may be viewed by following Mr. Sharp's tweets at www.twitter.com/goniffs. A copy of the complaint is available upon request.