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Old September 23rd, 2008, 08:20 PM   #8 (permalink)
the Guru
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Rich PM'd me with the proper URL details. The blog can be found at Patrick Pretty: Internet Marketing's 'Master Of Eye Candy' Talks Branding And Copywriting, but this is probably the most interesting/recent info ...
Quote:
U.S. District Court Judge Rosemary Collyer has granted Golden Panda's motion to dismiss its claims to money seized by the government.

This means Golden Panda has given up any claims to the funds and that the money has been forfeited to the U.S. government.

This is from Judge Collyer's order:"Upon consideration of Claimants Golden Panda Ad Builder's and Clarence Busby, Jr.'s [24] Consent Motion to Dismiss Golden Panda Claims, it is hereby ORDERED that the [24] Consent Motion to Dismiss Golden Panda Claims is GRANTED."

"It is further ORDERED that the Verified Claims of Claimants Golden Panda Ad Builder and Clarence Busby, Jr. are DISMISSED."

Busby's attorneys yesterday also asked the court to render moot a previous Golden Panda motion to sever its part of the case and move it to U.S. District Court for the Northern District of Georgia, and to conduct an evidentiary hearing to determine if Golden Panda was entitled to have seized funds unfrozen so it could conduct business.

Judge Collyer gave Golden Panda what it asked for today, and the company effectively is out of business.

"It is further ORDERED that Claimants' [17] Motion for Severance or Transfer is DENIED as moot; and [18] Claimants' Emergency Motion for Release of Property Pending Forfeiture, and for Evidentiary Hearing, is DENIED as moot. Signed by Judge Rosemary M. Collyer on 9/23/08. (lcrmc1)"
My guess is that if you had the opportunity to place funds in to GP (which I am not sure if they were actually working or not before being taken offline) then you can kiss those funds goodbye. GP obviously have.
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