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Greenbelt Resources Corporation Files Legal Claim against U.S. Sustainable Energy, John Rivera and Redwood Consultants
EAGLE GROVE, Iowa, Oct 05, 2007 -- Greenbelt Resources (Pink Sheets:GRCO), the leading innovator in the development of practical and economical alternative energy technologies, today announced that it has filed suit against US Sustainable Energy Corporation (USSE) of Port Gibson, Mississippi and other related parties.
The suit, filed in federal court in Minnesota, demands a trial by jury of USSE, its Chairman John Rivera and Redwood Consultants, LLC of Novato, California. See Greenbelt Resources Corporation v. Redwood Consultants, LLC, et al., U.S. District Court - District of Minnesota Court File Number 07-CV-4103 DWF/SRN
Specifically the suit seeks judgment in an amount to be proven at trial for six specific offenses:
- Conversion of property
- Unjust enrichment
- Intentional misrepresentation
- Civil conspiracy
- Specific violations of the Racketeer Influenced and Corrupt Organizations Act
- Civil RICO Conspiracy
"It's unfortunate any amount of resources must be diverted from our core focus," said Greenbelt Resources CEO Robert Johnson. "In this case, however, we are not only justified in seeking redress, but have the fiduciary duty to our stockholders to safeguard the real and intellectual property of our company. We are fully committed to achieving just compensation for the damages caused by the fraudulent and unlawful actions others have taken against GRC & its subsidiary Diversified Ethanol Corporation." Johnson reflected that earnings and revenues will remain our company's' number one priority.
Greenbelt Resources will fully prosecute this civil action and expects damages commensurate with the millions of dollars of actual damages that it intends to prove the defendants have willfully inflicted.
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