Global
Digital Solutions Inc. Initiates Legal Action
against Grupo Rontan Metalurgica,
S.A. and Certain of its Principals and
Owners;
Boies Schiller
Flexner LLP to Represent GDSI
West Palm Beach, FL
-- January 31, 2018 -- InvestorsHub NewsWire
-- Global Digital Solutions, Inc. (OTC:GDSI), a company that is
positioning itself as a leader in comprehensive security
and technology
solutions, has announced it has initiated
a lawsuit for damages against Grupo Rontan Metalurgica,
S. A, ("Rontan") and that company's controlling
shareholders, Joao Alberto Bolzan and Jose Carlos
Bolzan.
The Company has engaged the
law firm of Boies Schiller Flexner LLP to
represent it in this action. The case will
be handled by William Isaacson of the firm's Washington office
and Carlos Sires of the firm's Fort Lauderdale
office (Their professional profiles are available
at https://bsfllp.com/lawyers.). The
action has been filed in the United States District Court for
the Southern District of Florida. The complaint alleges
that "Rontan is wholly-owned by Joao Bolzan and
Jose Bolzan. It is one of the world's largest manufacturers of
original equipment for specialty vehicles for emergency management,
first responders, national security, and law enforcement
operations." GDSI, in the complaint, further alleges that
Rontan and its shareholders improperly terminated a Share Purchase
and Sale Agreement (the "SPA") by which GDSI was to acquire whole
ownership of Rontan.
William J. Delgado, GDSI's CEO, noted
that "The filing of this lawsuit is an important step
in enforcing the Company's rights with
respect to the acquisition of Rontan. I fully expect that our
position regarding this acquisition will be validated by
the Courts. I also expect to announce
several additional items over the coming weeks related to
the company's on-going development."
About Boies,
Schiller, Flexner
We are a firm of
internationally recognized trial lawyers, crisis managers, and
strategic advisors known for our creative, aggressive, and
efficient pursuit of success for our
clients.
For almost two decades, Boies Schiller
Flexner has established a record of taking on and winning complex,
groundbreaking, and cross-border matters in diverse circumstances
and industries for many of the world's most sophisticated
companies. Our litigators are recognized for prevailing when the
odds are longest and the stakes highest.
We regularly take cases to trial, and we
prepare each one accordingly from the start. We have the
experience, judgment, and vision to develop the arguments that
achieve favorable outcomes, whether those arguments are needed
inside or outside of the courtroom. We build deep relationships
with our core clients that allow us to represent them in any
matter, in any forum, anywhere in the world. And we regularly
represent our clients as plaintiffs as well as defendants, often
sharing the risk of litigation through creative fee
structures.
With 14 offices located throughout the
United States and in London, we operate as one firm with a seamless
approach to building the most skillful and cost-effective team
possible for every matter.
We are proud of our reputation as a
"national litigation powerhouse" (The Wall Street
Journal) and as "one of
America's most successful and sought-after law firms for cases that
matter" (The American Lawyer). We strive every day, in every matter, to
build upon that reputation, to achieve exceptional results for our
clients, and to remain the firm that our clients will always want
to entrust with their most significant
matters.
About Global Digital
Solutions, Inc.
Global
Digital Solutions is positioning itself as a leader in
providing comprehensive security and technology solutions. On
June 16, 2014, GDSI completed its acquisition of North American
Custom Specialty Vehicles (NACSV), a leading builder of mobile
command/communications and specialty vehicles for emergency
management, first responders, national security, and law
enforcement operations. For more information about GDSI,
visit http://www.gdsi.co.
Forward
Looking Statements
This press release contains
"forward-looking statements." The statements contained in this
press release that are not purely historical are forward-looking
statements. Forward-looking statements give the Company's current
expectations or forecasts of future events. Such statements are
subject to risks and uncertainties that are often difficult to
predict and beyond the Company's control, and could cause the
Company's results to differ materially from those described. In
some cases forward-looking statements can be identified by
terminology such as "may," "should," "potential," "continue,"
"expects," "anticipates," "intends," "plans," "believes,"
"estimates," and similar expressions. These statements include
statements regarding moving forward with executing the Company's
global growth strategy. The statements are based upon current
beliefs, expectations and assumptions and are subject to a number
of risks and uncertainties, many of which are difficult to predict.
The Company is providing this information as of the date of this
press release and does not undertake any obligation to update any
forward looking statements contained in this press release as a
result of new information, future events or otherwise, except as
required by law. We have based these forward-looking
statements largely on our current expectations and projections
about future events and financial trends affecting the financial
condition of our business. Forward-looking statements should not be
read as a guarantee of future performance or results, and will not
necessarily be accurate indications of the times at, or by, which
such performance or results will be achieved. Important
factors that could cause such differences include, but are not
limited to the Risk Factors and other information set forth in the
Company's Annual Report on Form 10-K filed on March 30, 2015, and
in our other filings with the U.S. Securities and Exchange
Commission.
Contact:
William
Delgado
561-515-6198
info@gdsi.co