Complaint Review: EQCO2 Inc. (CLNO)

Crown Equity Holdings, Inc. a Nevada Corporation;

ZAMAN & CO., a Nevada Corporation; Mike Zaman, an individual.

Plantiffs,

vs.

EQCO2, Inc. (F/K/A CLEANTECH TRANSIT, INC.) a Nevada Corporation;

DISCOVERY CARBON ENVIRONMENTAL SECURITIES CORPORATION,

a Nevada Corporation; WILLIAM BARNWELL, an individual;

ARNOLD F. SOCK, an individual; SHAD SULLIVAN, an individual;

ROE Individuals 1-10; and DOE Entities I-X, inclusive,

Defendants.

The lawsuit (case number SC122170) was filed on March 6, 2014 at the Superior Court of California, County of Los Angeles, Santa Monica Courthouse by the law offices of John E. Dolkart, Jr.

The legal complaint alleges Breach of Contract, Breach of Implied Covenant of Good Faith & fair Dealing, Fraud, Constructive Fraud, Breach of Fiduciary Duty, Breach of Duty of Loyalty, Negligent Misrepresentation, Declaratory Relief, Conversion, Unjust Enrichment, Compelling Annual Shareholder Meeting and Violation of Business & Professions Code Section 17200.

Read the entire Case Document at http://crownequityholdings.com/Crown_Equity_Holdings_Inc_%20vs_EQCO2_Inc_Cal.pdf

On Sept 13, 2013 in Las Vegas, Nevada, District Court Judge awarded to Crown Equity Holdings a TRO (Temporary Restraining Order) Against Discovery Carbon and EQCO2, Inc. (CLNO) CEO William "Billy" Barnwell. ( http://crownequityholdings.com/restraining_order_barnwell.pdf).

The TRO effectively shuts down all EQCO2, Inc. (CLNO) officers, directors including Arnold F. Sock Esq. (non practicing) and Shad Sullivan from engaging in any activity that might be damaging to the company’s shareholders.

To watch the video, CLICK on the picture below or at http://www.youtube.com/watch?v=LAtJPjKOvDI&feature=youtu.be

On March 20, 2009, American Environmental Energy, Inc. (AEEI) came out with a press release with title “American Environmental Energy, Inc. (AEEI) Warns Shareholders of Improper Proxy and Investment Solicitations by Equinox Carbon Equities, Inc.”

In that press release, the company stated: “We have been notified by many of our shareholders that associates of Kensington Resources, a company currently under SEC and FBI investigation, are soliciting investments and proxies from the shareholders of American Environmental Energy. Kensington Resources and many of its affiliates have been ordered to cease and desist from the offer and sale of securities by state securities commissioners in at least two states, Texas and Pennsylvania. See http://www.ssb.state.tx.us/Enforcement/files/1662.pdf. Solicitations are being made by Carlton Williams, believed to be a former agent or employee of Kensington Resources, and Billy Barnwell, an officer of Equinox Carbon Equities. As far as we know, Equinox Carbon Equities does not have any pre-existing business or personal relation with the shareholders of American Environmental Energy and solicitations have been made with inaccurate or misleading representations. Additionally, Equinox Carbon Equities has used subscription agreements in the name of American Environmental Energy without authorization.” (Read the rest at http://www.businesswire.com/news/home/20090320005739/en/American-Environmental-Energy-AEEI-Warns-Shareholders-Improper)

Crown Equity Holdings (CRWE) is seeking a cancellation of the Exchange Agreement between Discovery Carbon Environmental Securities and Cleantech Transit, Inc. In addition, Crown Equity had notified the SEC, Finra and FBI of possible inappropriate solicitations, fraud and lack of transparency by EQCO2, Inc. (CLNO) CEO Billy Barnwell.

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