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On June 16 Vital Pharmaceuticals, Inc. (VPX) filed an emergency motion to hold Jack Owoc and his wife Megan in contempt. The Owocs had been running Bang until March 9. 

VPX, the parent company of energy drink maker Bang Energy, is slated for auction through U.S. Bankruptcy Court. But they are having problems getting the information they need to make it happen.

The court filing claims the action is necessary because the Owocs refuse to cooperate with the court orders to return all assets, property, devices, and documents from Bang, Inc.  

VPX is frustrated with the Owocs' claims that they have nothing that belongs to the company. Meanwhile, they are trying to package the company for a court-approved sale.

Emergency Motion to Hold Owoc in Contempt (1).pdf

Jack Owoc built Bang

 John “Jack” Owoc was the company founder and had previously been listed as Bang’s CEO and sole shareholder. And Megan Liz Owoc had served as Senior Vice President of Marketing for the company.

According to the latest court documents, on March 9 the VPX Board terminated the Owacs from their positions.  Jack Owoc responded by sending an email to all Company personnel entitled “HOSTILE TAKEOVER – MEG AND JACK FIRED!” 

The documents went on to outline the strong resistance by the Owacs to let go of the company.

According to the filing: “That same day, the Debtors sent letters to the Owocs confirming their termination and requesting that they each “return all of the Debtors’ property, including identification cards or badges, access codes or devices, keys, mobile phones, computers, credit cards, physical files and any other property and information in [their] possess.” 

“Neither of the Owocs returned any devices, documents, or other property following their termination. While the Debtors moved swiftly to suspend the Owocs’ access to the Company’s servers upon their termination, Mr. Owoc was able to gain access to a legacy email domain, from which he sent an email to all Company personnel entitled “HOSTILE TAKEOVER – MEG AND JACK FIRED!” 

“In the days following their termination, the Debtors made efforts to determine what documents, devices, and other information the Owocs may have retained following their termination. Because Mr. Owoc, in particular, largely operated the Company from his house, the Debtors had reason to believe that he may have retained multiple electronic devices that had been purchased with Company funds and used in connection with the Debtors’ business, as well as an unknown amount of Company-related information.”

Jack Owoc testifies he has no VPX property

According to the court docs, VPX claimed that the Owocs had “Debtor-provided laptops, mobile devices, physical files, and other materials in their possession.”