"Judge Joel Cohen ordered Casa Blanca CEO Hannah Bomze and COO Erez Zarur to provide their investors full access to the company's financial records and pay $1.3 million into the court. If Bomze and Zarur fail to pay that amount, Casa Blanca has the right to put a lien for that amount on their newly purchased apartment."
"Ben-Avraham said in a statement that the decision speaks for itself and reinforces the importance of transparency, proper governance, and fiduciary responsibility. After the order was issued, Bomze and Zarur filed a notice that they will be appealing the ruling."
"I am fully focused on protecting the business, Bomze said in a statement, adding that the suit came as powerful financial investors are now engaged in predatory attacks and defamatory smears, attempting to take control of a thriving company by any means necessary, even though they have never worked here or met a single agent."
A New York state Supreme Court judge ruled against Casa Blanca executives Hannah Bomze and Erez Zarur, ordering them to grant investors access to financial records and pay $1.3 million. Failure to comply could result in a lien on their apartment. The ruling followed a request from investors Samuel Ben-Avraham and Christian Visdomini, emphasizing the need for transparency and governance. Bomze and Zarur plan to appeal, asserting that the order does not imply any wrongdoing. The dispute originated from commission disagreements and escalated into management conflicts.
Read at therealdeal.com
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