LegalJun 16, 2026, 08:06 AM
Forward Industries Denies "Group" Allegations from Brera Holdings PLC
AI Summary
Forward Industries, Inc. received a letter from Brera Holdings PLC's legal counsel alleging Forward Industries acted as an undisclosed "group" with other parties, violating federal securities laws. Forward Industries has responded, denying these allegations and stating they are meritless. The dispute arises in the context of Forward Industries' unsolicited acquisition proposal to Brera Holdings PLC. Notably, Brera Holdings PLC is also pursuing a lawsuit against Viktor Fischer and related entities for alleged fraudulent financial misrepresentations.
Key Highlights
- Forward Industries received a letter alleging it acted as an undisclosed "group" with other parties regarding Brera Holdings PLC.
- Forward Industries responded to the letter, denying the allegations and calling them meritless.
- The letter from Brera's counsel claims failure to disclose the alleged group violates federal securities laws.
- Forward Industries' proposal to acquire Brera Holdings PLC was unsolicited and made independently.
- Brera Holdings PLC is suing Viktor Fischer, RockawayX, and RockawayX Holding for alleged fraudulent financial misrepresentations.
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