Company: VPLM
Filing Date: 2025-12-23
Form Type: 10-K
Source: 0001493152-25-029094
Chunk: 201

Company: Voip-pal.com Inc
Filing Date: 2025-12-23
Form: 10-K
Item: Item 3
Chunk 201
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 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, 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 reconsideration, however that motion was denied, and a trial date was set for November 28, 2023.

During
the year ended September 30, 2024, on November 30, 2023, after the completion of trial, the Eighth Judicial District Court for the State
of Nevada rendered its decision in favor of VoIP-Pal upon all claims in the case, ruling that the Plaintiffs had not met their burden
of proof with respect to any of its claims against VoIP-Pal et al, awarding no damages to Locksmith and specifically ruling that Locksmith
take nothing as a result of the litigation.

During
the year ended September 30, 2024, on August 20, 2024, and then amended on