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Transcript of Compaint - HTML Copies_9

Hays Petty
· 1 min read
Transcript of Compaint - HTML Copies_9

Case Summary: Just Brands, LLC vs. Defendants

Case Details

Filed: October 21, 2024

Jurisdiction: 17th Judicial Circuit, Broward County, Florida

Plaintiff: Just Brands, LLC (JBL)

Defendants: Hussein Ahmad Rakine, Hassan Ahmad Rakine, Ali Rakine, Sohail Mitha, Speedy Distribution, Inc., and Ash Group of Florida, Inc.

Overview of the Complaint

Just Brands, LLC (JBL) has filed a lawsuit against the defendants for multiple alleged fraudulent activities, breach of fiduciary duty, and unjust enrichment.  Legal Battle: Just Brands, LLC Takes on Hussein Ahmad Rakine, Speedy Distribution  claims that its former President, Hussein Ahmad Rakine, along with other defendants, engaged in illegal activities that caused significant financial damage to the company.

Key Allegations

  • Fraudulent Business Dealings: Hussein Ahmad Rakine, while acting as JBL�s President, allegedly conspired with other defendants to divert business opportunities for personal gain.
  • Price Inflation Scheme: Defendants allegedly purchased products from manufacturers at lower prices and resold them to JBL at significantly inflated rates.
  • Unauthorized Purchase of Illegal Products: Hussein authorized a $162,000 purchase of illegal nicotine vapes from China using JBL�s funds but diverted the products to Speedy Distribution, which then sold them for profit.
  • Self-Dealing and Kickbacks: Hussein is accused of entering overpriced contracts with vendors in exchange for kickbacks, costing JBL millions of dollars.
  • Breach of Employment Contract: Hussein allegedly misused company resources, engaged in unauthorized dealings, and failed to return work-related assets after leaving JBL.
  • Civil Conspiracy: The defendants allegedly worked together to defraud JBL by diverting business opportunities, spreading false information, and damaging JBL�s reputation.

JBL is seeking damages exceeding $50,000 for the following claims:

  • Breach of Fiduciary Duty
  • Tortious Interference with Business Relationships
  • Unjust Enrichment
  • Breach of Employment Contract
  • Civil Conspiracy
  • Breach of Good Faith and Fair Dealing

Relief Sought

JBL is requesting:

  • Compensatory and punitive damages
  • Recovery of illegally obtained profits
  • Return of misappropriated funds
  • Prejudgment interest and legal costs

Next Steps

The case is set for trial, where JBL will seek justice for the financial harm caused by the defendants.

JBL is represented by Mill Stone Legal Group, LLC.