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Bare Knuckle Fighting Championships Lawsuit Or David Feldman Gets Punched By Inferno
Bare Knuckle Fighting Championships, Inc. (BKFC) and Toe The Line, LLC’s (TTL) are the focus of a civil lawsuit by Inferno Florida, Inc. Inferno is seeking damages in excess of $10,000,000.00 exclusive of interest, court costs and attorneys’ fees as well as Punitive Damages.
UPDATE:
Bare Knuckle Lawsuit Update: David Feldman BKFC Pimps Triller Not Inferno
Imagine your company has a contract where you have a major share of ownership in a sports organization, only to discover from the news that the same company said it gave a majority share of stock in another firm. When you confront the sports organization and ask what’s going on, the firm’s representative acts like the news about the other deal is fake, when it’s not. What would you do?
Well, if you’re Inferno, you throw the legal equivalent of a bare knuckle punch to the face of Bare Knuckle Fighting Championships, Inc. and Toe The Line, that’s what you do.
The reason is that Inferno Florida Inc. agreed to purchase a major stake in Bare Knuckle Fighting Championships, Inc. (BKFC), a corporation which promotes and conducts “bare knuckle” boxing style events in Florida and various other states in America.
In a clear and blatant breach of its contract with Plaintiff Inferno, the Defendants, Bare Knuckle Fighting Championships, Inc. and Toe The Line , entered into another contract to sell a controlling interest to Triller, the social media platform majority-owned by former Relativity Media CEO Ryan Kavanaugh.
In 2021, David Feldman, on behalf of the BKFC, approached principals of Inferno seeking funding for the Bare Knuckle Fighting Championship League. Feldman said that BKFC needed immediate funding to be able to continue its operations, planning and holding events and for the viability of the Bare Knuckle Fighting League.
Inferno gave Feldman / Bare Knuckle Fighting Championships, Inc. a loan to help with cash flow and in exchange for shares.
In February 2022, while Bare Knuckle Fighting Championships, Inc was providing due diligence documents to Inferno as per the agreement, Feldman suddenly and without warning made a public announcement that BKFC was selling a controlling interest in the company to Triller. Inferno was blindsided by the news, considering it had a binding agreement with Bare Knuckle and it had not been terminated.
But in early March 2022, Feldman met with principals of Inferno twice. During those meetings, Feldman told Inferno that Bare Knuckle had not signed a contract with Triller then assured Inferno that he intended for BKFC to consummate a transaction with Inferno. But that did not end the confusion and controversy – quite the contrary.
In late April 2022, Inferno learned that Feldman’s representations were not true and that he had caused BKFC and TTL to actually execute a contract with Triller for the sale of a controlling interest.
Inferno immediately advised Bare Knuckle that their (Inferno) agreement remained valid and enforceable and that any subsequent contract with another entity constituted a breach of contract.
Guess what?
Feldman reportedly did not dispute Inferno’s statements. However, Feldman has indicated to Inferno that he and co-Defendants intend to close a transaction with Triller, and/or some other third party, which would convey a controlling interest in BKFC despite Inferno’s valid and enforceable agreement to purchase a major stake in BKFC.
And so, Inferno’s striking back, Empire style, with this Bare Knuckle punch of a legal lawsuit against Feldman / BKFC.
Circuit Court of the Seventeenth Judicial Circuit in and for Broward County, Florida
INFERNO FLORIDA, INC, a Florida Corporation – Plaintiff,
v.
David Feldman, Sr., Bare Knuckle Fighting Championships, Inc., a foreign corporation, and Toe The Line, LLC, a foreign Limited Liability company – Defendants
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