VOZ

SBS TO RECEIVE MULTIMILLION DOLLAR SETTLEMENT FROM VOZ MEDIA

Retrieved on: 
Monday, March 18, 2024

MIAMI, March 18, 2024 /PRNewswire/ -- Spanish Broadcasting System, Inc. ("SBS" or "the Company") (OTC Pink: SBSAA) announced today that it had reached a multimillion dollar out-of-court settlement with VOZ Media regarding VOZ's default of its $64 Million acquisition of the SBS Mega TV division.

Key Points: 
  • MIAMI, March 18, 2024 /PRNewswire/ -- Spanish Broadcasting System, Inc. ("SBS" or "the Company") (OTC Pink: SBSAA) announced today that it had reached a multimillion dollar out-of-court settlement with VOZ Media regarding VOZ's default of its $64 Million acquisition of the SBS Mega TV division.
  • The amount of the settlement was not disclosed.
  • The settlement is in addition to a $3.8 Million deposit SBS had previously retained after VOZ failed to close on the TV transaction in 2023.
  • An SBS spokesperson stated that the Company was pleased with the out-of-court settlement and the outcome of the litigation.

HISPANIC BROADCASTER SBS FILES $64 MILLION LAWSUIT AGAINST DEFAULTED BUYER OF ITS MEGA TV OPERATIONS

Retrieved on: 
Wednesday, October 18, 2023

MIAMI, Oct. 18, 2023 /PRNewswire/ -- After months of unwarranted delays and deadline violations, Spanish Broadcasting System, Inc. ("SBS"), the largest certified Hispanic broadcaster in the nation, has filed a lawsuit against VOZ Media, Inc. ("VOZ") and its principals Orlando Salazar, his wife and McClaren family heiress, Janet McClaren Salazar, and two VOZ executives, Pablo Kleinman and Ryan Morfin. The lawsuit claims that VOZ illegally and improperly breached an agreement to acquire Mega TV from SBS for $64 million.

Key Points: 
  • The lawsuit claims that VOZ illegally and improperly breached an agreement to acquire Mega TV from SBS for $64 million.
  • Salazar shared his vision for right-of-center programming to be led by the new "face" of Mega TV, Karina Yapor, a former Univision news anchor.
  • A spokesperson for SBS stated, "SBS did everything in its power to close on this transaction, after months of urging Salazar to honor the agreement.
  • SBS seeks to be made whole, as well as to recover its attorneys' fees and costs.

Federal Court Finds James D. ‘Jay’ Noland, Jr., Operator of ‘Success By Health’ and ‘VOZ Travel,’ in Contempt of Court Order Barring Pyramid Schemes

Retrieved on: 
Saturday, May 27, 2023

The FTC sued Noland (also known as Jay Noland, J.D.

Key Points: 
  • The FTC sued Noland (also known as Jay Noland, J.D.
  • Noland, and J. Noland), his wife Lina Noland, Scott Harris, and Thomas Sacca, in connection with SBH in January 2020 and added charges related to VOZ Travel in September 2020.
  • In its ruling, the court cited the “sheer volume of deceptive tactics and statements associated with” both SBH and VOZ Travel.
  • Any amount recovered by the FTC will be used to redress consumers.
  • The court also found that the defendants committed multiple “acts of dishonesty,” including “destroying evidence, violating court orders, giving false under-oath testimony, and taking no accountability for the misconduct after being caught.”

Veronica Todaro Joins VOZ Advisors as President and CEO

Retrieved on: 
Thursday, September 15, 2022

NEW YORK, Sept. 15, 2022 (GLOBE NEWSWIRE) -- VOZ Advisors is pleased to announce that Veronica Todaro has joined the firm as President and CEO.

Key Points: 
  • NEW YORK, Sept. 15, 2022 (GLOBE NEWSWIRE) -- VOZ Advisors is pleased to announce that Veronica Todaro has joined the firm as President and CEO.
  • Ms. Todaro succeeds Ms. Ellen Coleman who will serve as President Emeritus, Senior Advisor.
  • We are honored that in her new capacity, Ellen will continue to further the work of VOZ as President Emeritus and Senior Advisor.
  • VOZ Advisors leads the field in the authentic engagement of patients and care partners in medicines development, said Ms. Todaro.