Ironridge Global IV v. ScripsAmerica
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After Ironridge filed suit against ScripsAmerica to recover a debt, the parties subsequently petitioned the trial court to enter judgment on their stipulated settlement, and to retain jurisdiction under Code of Civil Procedure section 664.6 to enforce the settlement. When defendant failed to complete a stock transfer required by its falling stock prices, the trial court entered an order compelling defendant to issue stock to plaintiff, and prohibiting defendant from transferring stock to any third parties until the outstanding shares were transferred to plaintiff. Since entry of the order, defendant has transferred millions of
shares of stock to third parties and has not issued any shares to plaintiff. The court granted plaintiff's motion to dismiss defendant's appeal under the disentitlement doctrine because dismissal is the appropriate remedy for defendant’s flagrant disregard for the trial court's order.
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