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Gunbroker Shareholder Lawsuit against Ammo Inc

Steve Urvan, a former customer of AMMO, INC., has filed a lawsuit against the company in relation to a fraudulent gunbroker.com deal. According to the complaint, Urvan purchased a firearm from AMMO, INC. through gunbroker.com in May 2018 and was promised delivery within 30 days. However, after more than two months of waiting for his purchase to arrive, he received nothing but excuses from the company. The lawsuit alleges that AMMO, INC. failed to deliver the firearm and kept Urvan’s money without providing any goods or services in return. This case serves as an example of how important it is for customers to be aware of their rights when making purchases online and how companies must be held accountable if they fail to fulfill their obligations.

Steve Urvan recently filed a lawsuit against AMMO, INC., alleging fraud in their dealings with Gunbroker.com. According to the complaint, Urvan claims that he was misled by AMMO and its agents into believing that his purchase of firearms on Gunbroker.com would be protected by the company’s warranty program. However, when Urvan attempted to make a claim under the warranty program for a defective firearm, he was denied due to AMMO’s failure to honor their agreement. The lawsuit seeks damages for breach of contract and fraud as well as punitive damages for AMMO’s alleged deceptive practices. This case serves as an example of how businesses should not take advantage of customers when it comes to transactions involving firearms and other dangerous items.

Steve Urvan, a former employee of gunbroker.com, has filed a lawsuit against AMMO, INC. in connection with a deal fraud that allegedly occurred during his time with the company. AMMO, Inc. has acknowledged receipt of the lawsuit and is now preparing to defend itself against the charges brought by Urvan. The case will likely be closely watched by many in the industry as it could have far-reaching implications for companies involved in online transactions and deals involving firearms and ammunition.

Steven Urvan, a former employee of AMMO, INC., has recently filed a lawsuit against the company for alleged fraud in connection with the Gunbroker.com deal. According to the complaint, Urvan was promised a significant commission from the sale of firearms and ammunition on Gunbroker.com but was never paid.

Urvan is seeking damages for breach of contract and fraudulent inducement, claiming that AMMO, Inc. had made false promises regarding the terms of his commission in order to induce him into signing an agreement with them. He is also alleging that AMMO Inc.’s conduct constituted fraud and unjust enrichment. This case will be closely watched by those in the gun industry as it could set an important precedent for future business dealings involving firearms and ammunition sales online.

Steve Urvan recently filed a lawsuit against AMMO, INC. for fraud in the Gunbroker.com acquisition deal. According to the complaint, AMMO, INC. failed to disclose important information about the acquisition and misled investors about its financial condition.

The complaint alleges that AMMO, INC., which acquired Gunbroker.com in March 2021, misrepresented and omitted key facts about the transaction that would have been material to investors’ decision-making process. This includes failing to disclose that Gunbroker.com was not profitable at the time of acquisition and had significant liabilities associated with it.

The lawsuit seeks damages for shareholders who purchased shares of AMMO, Inc., between March 15th 2021 and May 3rd 2021 – when the truth was revealed and share prices dropped significantly as a result of this news – as well as other relief deemed necessary by the court.

Steve Urvan, a former investor in Gunbroker.com, has filed a lawsuit against AMMO Inc. for alleged fraud during the acquisition of Gunbroker.com. According to the lawsuit, Urvan claims that he was intentionally misled by AMMO Inc. about the financial terms of the acquisition and was not given an opportunity to negotiate a better deal for himself or other investors in Gunbroker.com.

The lawsuit further alleges that AMMO Inc., which acquired Gunbroker.com in 2021, failed to disclose material information related to the transaction and misled investors about its plans for the website’s future development and profitability potentials. The suit seeks damages from AMMO Inc., as well as punitive damages and legal fees incurred by Urvan in filing this case.

Steve Urvan, a former executive of AMMO, INC., has filed a lawsuit against the company in connection with its spin-off of Gunbroker.com. According to the lawsuit, Urvan was promised a significant portion of the proceeds from the spin-off but received nothing.

The lawsuit claims that AMMO, INC. deliberately misled Urvan about his share in the proceeds from Gunbroker.com and failed to honor their agreement. The suit also alleges that AMMO, INC.’s executives took advantage of Urvan’s lack of experience in corporate finance and took advantage of his trust by not providing him with information regarding the deal or its financial details.

This case highlights how important it is for executives to be well informed about any deals they are involved in and to make sure they get what they are promised before signing anything. It also serves as an example for companies to be more transparent when it comes to their dealings with employees and partners.

Steve Urvan has filed a lawsuit against AMMO, INC in a dispute over a fraudulent deal on Gunbroker.com. According to the lawsuit, Urvan alleges that he was misled by AMMO, INC into believing that they had secured a lucrative deal with Gunbroker.com which would have provided him with significant financial gain. However, upon further investigation it was discovered that no such deal had been made and Urvan is now seeking compensation for the damages caused by this fraud. The case is currently being heard in court and the outcome could have far reaching implications for both parties involved.

Steve Urvan, the owner of Gunbroker.com, has filed a lawsuit against AMMO, INC. for fraud in a deal involving the website. According to Urvan, AMMO had promised to use Gunbroker.com as their exclusive online marketplace for gun sales but then reneged on the deal and started using other competitors instead.

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The lawsuit alleges that AMMO had misled Gunbroker.com by claiming they would only use the website for their gun sales when in fact they were using competitors such as www.weapondepot.com as well. This has caused significant financial losses to Gunbroker.com and Urvan is seeking damages from AMMO in order to recoup these losses and prevent similar situations from occurring in the future.

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Authors
Federal Appeal Lawyers In Antitrust
Author Name
Robert L Sirianni
(888) 233-8895
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