WeTrade Group (WETG) has released an update.
WeTrade Group Inc. updated on a lawsuit by purported shareholders, where the Chancery Court of Wyoming issued a restraining order and later a preliminary injunction against the plaintiffs. The plaintiffs’ claims of control were challenged by the Company, highlighting the use of forged documents, leading the plaintiffs to withdraw their opposition. The court order prevents the plaintiffs from acting on the Company’s behalf, contacting authorities, or changing the Company’s board or executive team. The current board remains in control, and the Company seeks damages for the plaintiffs’ interference and bad-faith litigation.
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