Loop Media, Inc. Announces the Filing of an Application for a Temporary Restraining Order Against GemCap Solutions, LLC
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Loop Media, Inc. has filed for a temporary restraining order against its senior lender, GemCap Solutions, LLC, following GemCap's announcement of a public sale of Loop Media's assets.
November 14, 2024 | 2:15 am
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Loop Media, Inc. has taken legal action against its senior lender, GemCap Solutions, LLC, by filing for a temporary restraining order. This follows GemCap's announcement of a public sale of Loop Media's assets.
The filing for a temporary restraining order indicates a significant legal dispute between Loop Media and its senior lender, GemCap Solutions. This could lead to uncertainty and potential financial instability for Loop Media, negatively impacting its stock price in the short term.
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