IDGLOBAL Awarded Temporary Restraining Order

KELOWNA, British Columbia - IDGLOBAL has been awarded a Temporary Restraining Order by the Superior Court of California, against Daniel Peterson and Boris Mader.

The Complaint and Application for the Restraining Order alleged that Daniel Peterson and Boris Mader failed to comply with a Non Circumvent Non Disclosure Agreement by disseminating confidential information in the form of a mail brochure. Peterson was in charge of raising financing for the company by way of a Collateralized Loan using shares as collateral, but instead the company alleges in their complaint that Peterson used the shares for their own personal gain.

The Temporary Restraining Order stated the following:

“You, your agents, servants, assigns and all those acting in concert with you, ARE HEREBY RESTRAINED AND ENJOINED FROM: (a) Selling Shares of Stock in IDGLOBAL Corp. through your European Accounts which are as follows: GIBRALTAR GLOBAL SECURITIES INC., RIVERHILLS PARTICIPATION CORP., TECHNOLOGY INTERNATIONAL, TAHOL LIMITED and executed by the following United States Brokerage Houses: First Clearing Corp., Legent LLC, and Penson Financial, as set forth in Plaintiff’s Points and Authorities and (b) Disseminating any mailers containing confidential information.”