Cap10 Is Sued for Fraud and Conspiracy In Federal Court After Court Blocks Cap10’s Takeover Attempt


News provided by Greg Lindberg on Thursday 8th Feb 2024



Ft. Lauderdale, FL (February 8th 2024) - After a Florida court temporarily blocked Cap10 Partners LLP’s attempt to takeover a UK addiction treatment company, Cap10 has now been sued in Federal Court in Florida.

Cap10 and its partners face a permanent injunction and up to $132,000,000 in damages in the case.

According to the complaint, Cap10 has “sought to unlawfully obtain ownership of UKAT by

thwarting UKAT’s efforts to refinance its debt with a third-party, with the aim of ultimately

purchasing UKAT’s assets at a substantial discount below their actual value.”

The complaint further alleges that Cap10 has “engaged in overt acts in furtherance of their agreement to defraud Plaintiff by disseminating information of UKAT gained during prior negotiations to third-parties, both individuals and entities, in effort to thwart UKAT’s debt refinancing efforts and lower the market value of UKAT and/or its assets.”

Responding to these allegations, a Florida Court temporarily barred Cap10 from any purchase of UKAT’s stock or assets.

“We are grateful for the Court stepping in here to protect the interests of the UKAT Trust which is the majority owner of the UKAT assets,” says Robert “Bo” Gaddy, the beneficiary of the UKAT Trust. “This fraud by Cap10 has been underway for over a year and it’s high time that these bad actors be brought to justice,” says Gaddy.

“We fully intend to file further litigaiton against anyone who participates with Cap10 in perpetuating this fraud and conspiracy including filing claims against Cap10’s partners and investors,” says Gaddy.

Ft. Lauderdale, FL (February 7th 2024) After a Florida court temporarily blocked Cap10 Partners LLP’s attempt to takeover a UK addiction treatment company, Cap10 has now been sued in Federal Court in Florida.

Cap10 and its partners face a permanent injunction and up to $132,000,000 in damages in the case.

According to the complaint, Cap10 has “sought to unlawfully obtain ownership of UKAT by

thwarting UKAT’s efforts to refinance its debt with a third-party, with the aim of ultimately

purchasing UKAT’s assets at a substantial discount below their actual value.”

The complaint further alleges that Cap10 has “engaged in overt acts in furtherance of their agreement to defraud Plaintiff by disseminating information of UKAT gained during prior negotiations to third-parties, both individuals and entities, in effort to thwart UKAT’s debt refinancing efforts and lower the market value of UKAT and/or its assets.”

Responding to these allegations, a Florida Court temporarily barred Cap10 from any purchase of UKAT’s stock or assets.

“We are grateful for the Court stepping in here to protect the interests of the UKAT Trust which is the majority owner of the UKAT assets,” says Robert “Bo” Gaddy, the beneficiary of the UKAT Trust. “This fraud by Cap10 has been underway for over a year and it’s high time that these bad actors be brought to justice,” says Gaddy.

“We fully intend to file further litigaiton against anyone who participates with Cap10 in perpetuating this fraud and conspiracy including filing claims against Cap10’s partners and investors,” says Gaddy.

Press release distributed by Pressat on behalf of Greg Lindberg, on Thursday 8 February, 2024. For more information subscribe and follow https://pressat.co.uk/


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Cap10 Is Sued for Fraud and Conspiracy In Federal Court After Court Blocks Cap10’s Takeover Attempt

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