Securities Fraud Lawyer Blog
Zabala Farms Group LLC Managers Hit with $3.8 Million Judgment
Zabala Farms Group, LLC managers Anthony Johnson and Jeremy Johnson were found liable to an investor, and ordered to pay him $3.8 million in damages for selling unqualified securities in the form of membership interests in GPA Enterprises, LLC and Target Equity, LLC.
On October 28, 2019 Judge William Barry presiding in Dept. S302 of the Riverside Superior Court (Murrieta branch) found in favor of the Plaintiff, and against Anthony Johnson, Jeremy Johnson, GPA Enterprises LLC and Target Equity LLC. The Plaintiff filed his complaint on May 29, 2019 asserting claims for violations of the California Securities Law of 1968, including claims for selling unqualified securities and selling securities via omissions of material fact. Judgment was entered by the clerk on November 4, 2019 in the amount of $3,829,833.