Lawsuit Overview
September 5, 2012 - The court granted the defendant's motion to dismiss and dismissed all claims against that particular defendant. The plaintiffs filed a third amended complaint.
July 6, 2012 - The plaintiffs filed a motion for leave to file a third amended complaint.
June 21, 2012 - A defendant filed a motion to dismiss.
February 12, 2012 - The plaintiffs filed a second amended complaint.
January 23, 2012 - The court granted in part and denied in part the defendants' remaining motions to dismiss
July 11, 2011 - The plaintiffs filed a notice of voluntary dismissal of particular individual defendants, the court ordered the corresponding motions to dismiss as moot and denied 2 of the individual defendants' motions to dismiss.
June 22, 2011 - Another individual defendant filed a motion to dismiss.
May 6, 2011 - Another individual defendant filed a motion to dismiss.
May 5, 2011 - Another individual defendant filed a motion to dismiss.
December 22, 2010 - A defendant filed a motion to dismiss.
December 14, 2010 - The plaintiffs filed a first amended complaint.
November 30, 2010 - The plaintiffs filed an amended complaint.
November 12, 2010 - Another individual defendant filed a motion to dismiss.
November 3, 2010 - A defendant filed a motion to dismiss.
October 29, 2010 - The case was removed from the District Court of Harrison County, Texas and moved to the U.S. District Court for the Southern District of Texas.
July 27, 2010 - An investor in shares of Exobox Technologies Corporation (OTC: EXBX) filed a lawsuit in the District Court of Harrison County, Texas against Exobox Technologies Corporation over alleged violations of Federal Securities Laws.
Exobox Technologies Corporation was created and operated by defendants as a sham corporation designed to provide benefit to the attorneys, officers, directors and brokers that participated in and orchestrated the reverse merger and operations of the corporation. Defendants also controlled the float of Exobox Technologies Corporation stock in the marketplace, failed to make proper disclosures to the Class, and engaged in insider transactions, among other things, all designed to provide financial benefit to defendants to the detriment of Exobox Technologies Corporation and the investors. In the process, defendants violated Texas and Federal Securities Laws, and committed fraud and misrepresentations.
Plaintiffs were investors who relied on the representations and false statements; purchased stock in Exobox Technologies Corporation; were defrauded and misled; and were the victims of the securities violations and other wrongful acts in which defendants engaged.