The allegations read: Allegation/suit summary:
it is alleged that in approximately 8/2014, mr. Ford recommended plaintiff move $461 ,000.00 from his retirement account to invest in defendant panthera. Plaintiff alleges that mr. Ford never disclosed that he had any present or future ownership or financial interest in panthera. Plaintiff alleges he demanded information about the panthera investment and return of his investment funds from defendants on several occasions over the last couple of years. Plaintiff alleges that defendants assured plaintiff they would liquidate his investment and return his funds. But the liquidations did not occur. Plaintiff alleges defendants are liable for, among others, fraud and deceit, conversion, negligent misrepresentation, negligence, breach of fiduciary duties. On 9/30/2019, plaintiff and defendants entered into a written settlement and mutual release agreement. Under the terms of the settlement agreement, plaintiff was to receive the amount of $632,660.81 in six monthly installments of $105,443.47. Defendants have failed and refused to make any payment under the settlement agreement and are therefore in default.
