Global Verge wins 43 million judgment against Zer01
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Zer01 was contracted to deliver an unlimited voice and data cell phone service to Global Verge. A court in Nevada found Zer01 guilty of breach of contract, tortious interference, and long-term profit losses, and awarded Global Verge a $43 million settlement.
Although Global Verge may never be able to collect the monies, due to the financial situation of Zer01, which is expected to declare insolvency, the order will still be in effect. Ben Piilani, CEO of Zer01, has stopped participating in his case, according to his attorney Brian Hardy. If the appeal date goes by without action, Hardy will begin to determine the assets of the company for liquidation.
Global Verge is still fielding complaints from people who have signed up to sell the cellular programs as part of the MLM plan. Ted Robbins, CEO of Global Verge, stated that it is their belief that the complaints are not valid, and are being posted by people who do not want to see them gain momentum in the market because anyone who was signed up to sell this aspect of the Global Verge marketing plan, has been given a full refund for any monthly fees paid to date. This offer is standing, and includes anyone interested in obtaining a refund for those services that Global Verge was unable to deliver due to the lawsuit with Zer01.
One of the major reasons that Global Verge was not cited with sanctions by the Court, was due to the fact that they did not pre-sell the packages coming from Zer01. Had they done so, they may not have been treated as favorably in the outcome of the lawsuit. While this is not the extend of the legal issues or complaints currently harbored by and against Global Verge, the company states that they are referring every complaint to the company's legal team for responses and resolution.
Global Verge has now agreed with Sprint to sell their services, in an exclusive available to Global Verge members only.