SAN FRANCISCO – A La Quinta business is suing a San Francisco company and its affiliates over allegations of fraud.
Adtango Inc., Mark De Castro and Pedro Bringas Casado filed a complaint on March 1 in the U.S. District Court for the Northern District of California against Lerna LLC, Lerna Labs LLC, Alex Rowland, Nelson Becerra and Does 1 through 25, citing violation of the Securities Acts of 1933, breach of contract, breach of fiduciary duty, fraud and other counts.
According to the complaint, the plaintiffs allege that the defendants broke their agreement beginning in 2014. The suit states that the defendants did not pay the plaintiffs' business partners, which caused these partners to cancel their contracts. The plaintiffs also allege that the defendants siphoned money from the company by failing to pay the accounts owed, among other accusations.
The plaintiffs seek the following: compensation for all damages including interest, legal fees and any other relief this court deems just and proper. They are represented by Nathaniel Kelly of Law Offices of the Nathaniel Kelly in San Francisco.
U.S. District Court for the Northern District of California Case number 4:16-cv-01045