Rontan Motion to Dismiss for Corporate Jurisdiction has been Denied; GDSI's Remaining Class Action Legal Cases have been Tentatively Settled

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Apr 16, 2019
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WEST PALM BEACH, FL / ACCESSWIRE / April 16, 2019 / Global Digital Solutions, Inc. (OTC PINK: GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, has announced the United States District Court for the Southern District of Florida has denied Rontan and the other defendants' Motion to Dismiss based on Corporate Jurisdiction. The ruling was issued by the court on Friday, April 12, 2019. Among other things, GDSI's complaint contends Grupo Rontan Metalurgica, S. A, (''Rontan'') and Rontan's controlling shareholders, Joao Alberto Bolzan and Jose Carlos Bolzan, breached their Share Purchase and Sale Agreement (''SPA'') with GDSI by failing to consummate the transfer of the shares of Rontan pursuant to the SPA.