Karmaloop, Inc. v. Allen Sneider


08/12/13 – 08/21/13


In this business-organizations proceeding, plaintiff Karmaloop, Inc. challenged the number of corporate shares own by defendant Allen Sneider, a former advisor and fund raiser for the company. Karmaloop alleged Sneider manipulated the company’s books and finances for personal gain. Sneider filed a counterclaim, alleging Karmaloop properly issued him more than 871,000 shares of stock. The jury ultimately found in favor of Sneider in his counterclaim. The original suit was filed in 2008.


Recording Disclaimer: This proceeding was recorded in full.

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