C02396-2022 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Unclassified Shares | 10,861,125,857 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Disclosure on the decision and order dated 8 April 2022 (received by BRHI on 9 April 2022) of the New York Court which granted Bloomberry Resorts and Hotels, Inc.’s (BRHI) motion to dismiss the complaint filed by Bangladesh Bank as against BRHI for lack of jurisdiction. |
Background/Description of the Disclosure |
Further to its disclosures to the Philippine Stock Exchange dated 23 September 2020 and 29 May 2020 relating to the suit filed by Bangladesh Bank, Bloomberry Resorts Corporation (BLOOM) hereby discloses that in a decision and order dated 8 April 2022 (received by BRHI on 9 April 2022) the New York Court granted BRHI’s motion to dismiss the complaint filed by Bangladesh Bank as against BRHI for lack of jurisdiction. The relevant dispositive portion states: |
Name of the court or agency in which the proceedings are pending | Supreme Court of the State of New York, County of New York, U.S.A. |
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Date Instituted | May 27, 2020 |
Docket Number | Index No. 652051/2020 |
Principal Parties |
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Bangladesh Bank, Plaintiff against Rizal Commercial Banking Corporation, Maia Santos Deguito, Angela Ruth Torres, Lorenzo V. Tan, Raul Victor B. Tan, Ismael S. Reyes, Brigitte R. Capina, Nestor O. Pineda, Romualdo S. Agarrado, Philrem Service Corp., Salud Bautista, Michael Bautista, Centurytex Trading, William So Go, Bloomberry Resorts and Hotels, Inc. D/B/A Solaire Resort & Casino, Eastern Hawaii Leisure Company, Ltd. D/B/A Midas Hotel & Casino, Kam Sin Wong a/k/a Kim Wong, Weikang Xu, Ding Zhize, Gao Shuhua, and John Does 1-25, Defendants |
Nature and description of the legal proceedings |
The complaint in the State Court is for: conversion/ theft/ misappropriation; aiding and abetting the same; conspiracy to commit the same; Fraud (against RCBC); aiding and abetting and conspiracy to commit fraud; conspiracy to commit trespass against chattels; unjust enrichment; and return of money received. |
The effect(s) on the Issuer's business or operations, if any |
None |
Other Relevant Information |
None. Please see attached SEC Form 17-C for this disclosure. |
Name | JONAS KHAW |
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Designation | ASSISTANT CORPORATE SECRETARY |