Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 125

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 1A
Chunk 125
---
    xiv.
    Inza, et al. v. Apple,
    et al., 25-cv-01970-RDM

This
is a class action lawsuit filed on June 24, 2025 and amended on September 21, 2025. The Defendant’s responsive pleading is due
on January 15, 2025. It is too early in the litigation to predict the anticipated results.

    35

VOIP-PAL.COM
INC.

Notes
to the Consolidated Financial Statements

(Expressed
in United States Dollars)

September
30, 2025

NOTE
14. CONTINGENT LIABILITIES (CONT’D)

Non-Patent
Litigation

The
Company is party to non-patent litigation cases as follows:

Locksmith
Financial Corporation, Inc. et al. (Plaintiff(s)) v VoIP-Pal.com Inc. et al (Defendant(s)) (Case No A-20-807745-C) filed in Clark County
District Court.

On
January 1, 2020, the Plaintiffs filed suit in Nevada District Court claiming that they were owed 95,832,000 Voip-Pal common shares from
a previous case involving the Plaintiff and the Defendant that had been through a jury trial in 2019, in which the jury had made an award
to the Plaintiff that was monetary only, and did not include said shares - following the jury’s decision in the 2019 trial, the
Plaintiff accepted the award and waived their right to appeal. Voip-Pal vigorously disputed the Plaintiff’s 2020 claims on the
basis of claim preclusion (the 2020 claims were addressed in the previous action in 2019 and are now precluded); that Plaintiffs’
claims are untimely, and that the Plaintiffs no longer have standing to bring their claims.

During
the year ended September 30, 2022, the Court entered a judgment in favor of VoIP-Pal.com Inc. and co-defendants, dismissing the 2020
case. The Plaintiffs filed an appeal with the Nevada Supreme Court.

During
the year ended September 30, 2023, following a hearing of the appeal, the Nevada Supreme Court ruled to reverse the lower court’s
judgment and remanded the case back to the lower court for further proceedings. The Defendants (Voip-Pal et al) filed a motion to the
Supreme Court for