Prepaid Card Holdings, Inc. Files Lawsuit Against Former COO and Director Robert Christiansen for Breach of Fiduciary Duty, Fraud and Concealment, and
Wed Sep 16, 9:34 AMLAS VEGAS--(BUSINESS WIRE)--Prepaid Card Holdings, Inc. (Pink Sheets: PPDC) announced today that it filed a lawsuit against the company’s former COO and director Robert Christiansen for fraud and concealment, breach of fiduciary duty, and Conversion.
The case, case number 00301495, was filed on Thursday, September 10th, 2009, in the Superior Court in the state of California, in the county of Orange.
Robert Christansen was terminated by the company on August 6th, 2009.
About Prepaid Card Holdings, Inc.
Prepaid Card Holdings, Inc. through its wholly owned subsidiaries offers emerging prepaid card solutions that can act as an alternative to a traditional checking account and debit card. For more Information visit www.PrepaidCardHoldings.com
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management’s belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties and the Company assumes no obligation to update any of the forward-looking statements in this release.
Prepaid Card Holdings, Inc.
Bruce Berman, 949-250-9556 ext. 128
www.PrepaidCardHoldings.com
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