LOS ANGELES, Aug. 26, 2014 /PRNewswire/ -- NOHO, Inc. (DRNK),
purveyors of anti-hangover beverage NOHO, and the company's
chairman, president, CEO and largest shareholder, John Grdina, aka Jay
Grdina, were sued today by co-founder, Todd Blatt, who helped create the company and
whose industry connections and resources were vital to NOHO's
growth into a publicly traded company. Mr. Blatt alleges,
among other things, that he was defrauded out of his shares of
NOHO, suffering well over $5 million
in damages.
Mr. Blatt and fellow plaintiff, TCB Partnership, said in a
complaint filed late afternoon Monday in federal court in
Los Angeles (case number
2:14-cv-06666) that "through their substantial investment of blood,
sweat, tears and capital, Plaintiffs built NOHO into a successful,
publicly traded company. In return, NOHO and its CEO,
pornographic actor turned entrepreneur, Jay
Grdina, rewarded Plaintiffs with dishonesty and broken
promises. Plaintiffs have been cheated out of their rightful
interest in NOHO and Defendants must now answer for their actions."
SOURCE THE KAUFMAN LAW GROUP
