Case No.: BC607173    

Hearing on Plaintiff’s default judgment application is CONTINUED to March 19, 2021 at 8:30 a.m.

On March 7, 2018, Plaintiff Shlomo Rechnitz filed the above-entitled action against defendants Jason Lyons, Moshe Hogeg, and Mobli Media, Inc. The Complaint alleges securities fraud against Defendants, who made material misrepresentations regarding investments allegedly made in, and pledged financial support for, Mobli - a tech startup. In reliance thereon, Plaintiff purchased $4.5 million in Mobli stock. The Complaint states seven causes of action for: 1) breach of Florida securities registration statute; 2) securities fraud; 3) control person liability; 4) common law fraud; 5) breach of California Broker-Dealer Registration statute; 6) negligent misrepresentation; and 7) unjust enrichment.

On May 16, 2018, the Court entered default against Mobli. On June 4, 2018, the Court entered default against Hogeg. Lyons filed an answer on May 29, 2018.