The Plaintiffs Claim the Dolic and Ebel began to Conduct Unapproved Business Activities when the Corporate Governance of its parent Company, Mystery, Collapsed.
The CEO of Crypto Miner Layer1 Technologies has Filed a lawsuit against the Firm’s two Other Board Members — Including Co-Founder Jakov Dolic — for Allegedly Commandeering Layer1’s Operations for their Own Benefit.
Chief Executive John Harney and DGF Investments Inc — an English Virgin Islands-based Investment firm — Filed the lawsuit against Dolic and fellow Board Member Tobias Ebel in Delaware’s Chancery Court on Feb. 2.
The lawsuit alleges that both Dolic and Ebel used a Power Vacuum at Layer1’s value parent Riddle to seize control of the Bitcoin Mining Company and operate it as their “own personal fiefdom.”
Harney and DGF Investments Inc — which possesses a majority stake in Riddle — claim the defendants have “usurped the authority” of Layer1’s CEO and prevented Harney from “Mindfully Operating Layer1.”
One of the accusations made against Dolic and Ebel alleges they Executed “Enormous Unapproved Transactions” that were not recorded in Layer1’s Financial Reporting and that they use Layer1’s Operations to mine Bitcoin (BTC) and save the Revenue for themselves:
“Dolic and his loyalists have employed their majority board control to ransack Layer1, operating it for their own benefit and participating in self-dealing transactions without risk of punishment.”
The plaintiffs also claimed that Dolic continues to press the misleading narrative that he possesses 77% of Layer1’s value. In the filing, the plaintiffs contended that Dolic sold all of his Layer1 stock to Puzzle for $16 million on Jan. 24, 2022.
Harney and DGF have Focused on that without Unavoidable legal Intercession to Confirm that Mystery has 100 percent Responsibility for, there isn’t anything that can stop Dolic and Ebel from “Operating” The company “for their own benefit.”
The latest lawsuit filed against Dolic and Ebel alleges a breach of trustee obligation, Compliant with Segment 226 of the Delaware General Corporation Regulation
The Plaintiffs are Expecting to look for help from the court via a directive, have their fees paid for by the Defendants and order an Appointed custodian to run the Company.
According to a 2020 Report, Layer1 Technologies is the first US-based Company to have fully Integrated Renewable energy into its Operations.
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