Noho Co-Founder Sues Company and CEO

NOHO "THE HANGOVER DEFENSE" GOLDLOS ANGELES — NOHO, Inc. (DRNK), purveyors of anti-hangover beverage NOHO, and the company’s chairman, president, CEO and largest shareholder, John Grdina, aka Jay Grdina, were sued today by co-founder, Todd Blatt, who helped create the company and whose industry connections and resources were vital to NOHO’s growth into a publicly traded company.  Mr. Blatt alleges, among other things, that he was defrauded out of his shares of NOHO, suffering well over $5 million in damages.

Mr. Blatt and fellow plaintiff, TCB Partnership, said in a complaint filed late afternoon Monday in federal court in Los Angeles (case number 2:14-cv-06666) that “through their substantial investment of blood, sweat, tears and capital, Plaintiffs built NOHO into a successful, publicly traded company.  In return, NOHO and its CEO, pornographic actor turned entrepreneur, Jay Grdina, rewarded Plaintiffs with dishonesty and broken promises.  Plaintiffs have been cheated out of their rightful interest in NOHO and Defendants must now answer for their actions.”

SOURCE: THE KAUFMAN LAW GROUP