Judge rules in favor of Voip-Pal in case against
WACO, Texas, Jan. 25, 2022 (GLOBE NEWSWIRE) — VoIP-Pal.com Inc. (“VoIP-Pal,” “Company”) (OTCQB: VPLM) is pleased to announce that the County District Court of Clark, Nevada, has entered judgment in favor of Voip-Pal.Com Inc. and New Horizon Transfer Inc., on “each of the plaintiff’s claims” in case number A-20-807745-C, against Locksmith Financial Corporation, a company controlled by Richard Kipping. The case was another unsuccessful attempt by Mr Kipping to recover the 95,832,000 shares of Voip-Pal which were frozen by the company in 2014 amid various allegations against Kipping. The district court ruled that Mr. Kipping’s failure to seek the allotment of the 95,832,000 shares of Voip-Pal in Mr. Kipping’s previous lawsuit against Voip-Pal barred him from seeking the shares thereafter.
Voip-Pal CEO Emil Malak said: “We are very pleased with this result. It was a long battle, but once again the Court sided with our Company. We are currently in consultation with our legal team to determine our next decision. »
About VoIP-Pal.com Inc.
VoIP-Pal.Com, Inc. (“VoIP-Pal”) is a publicly traded company (OTCQB: VPLM) headquartered in Waco, Texas. The Company holds a portfolio of patents relating to Voice-over-Internet Protocol (“VoIP”) technology which it is currently seeking to monetize.
Any forecast of future financial performance is a “forward-looking statement” under securities laws. These statements are included to enable potential investors to understand management’s beliefs and opinions regarding the future so that they can use those beliefs and opinions as one factor among others in evaluating an investment. Although the Company believes, in the circumstances, that legal action is necessary to monetize its patents, patent litigation involves various risks and uncertainties that could affect its ability to monetize patents. We recognize that it is impossible to predict the precise results of litigation.