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RLE Ridgeline Energy Services Inc.

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Share Name Share Symbol Market Type
Ridgeline Energy Services Inc. TSXV:RLE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

GEM Announces $27 Million Lawsuit Against Ridgeline Energy Services, Inc. and Changing World Technologies, L.P.

01/05/2013 2:02pm

PR Newswire (Canada)


Ridgeline Energy Services Inc. (TSXV:RLE)
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NEW YORK, May 1, 2013 /CNW/ - Global Emerging Markets NA, Inc. announced that on April 29, 2013 one of its affiliates, GEM Holdco, LLC ("GEM"), amended its complaint in a lawsuit against Changing World Technologies, L.P. ("CWT") to include Ridgeline Energy Services, Inc. ("Ridgeline") (TSXV: RLE CN) and its CEO, Dennis Danzik, as defendants with respect to certain claims including, variously, Tortious Interference with Contract, Breach of Agreement, and Conspiracy to Commit Torts.

GEM's claims against CWT, now amended to also include Jean Noelting as defendant, variously include Breach of Agreements, Breach of the Implied Covenant of Good Faith and Fair Dealing, Tortious Interference with Business Relations, Conspiracy to Commit Torts, and Tortious Interference with Contract.

GEM claims damages in excess of $27 million.

The Amended Complaint can be seen at https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=JzVaxwxPRhJwl/aPAT2qDA==&system=prod

SOURCE Global Emerging Markets NA, Inc.

Copyright 2013 Canada NewsWire

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