Owocs testified that everything belonged to him because of “the excellent job he was doing.”
The court filing also claims that Owoc went on to testify that he didn’t have anything that belongs to the debtors or VPX.
He also testified under oath that the computer used for company business “hasn’t been turned on since [he] found out [the Company] remotely shut it down,” and stated that he had not provided any company documents to his counsel in response to discovery requests because “I don’t have any documents.”
Latest Litigation
In its January 27, 2023, motion to sell the business, VPX said it already started marketing the company to potential buyers. And the process would go through its investment bank, Rothschild & Co.
On Feb. 24, U.S. Bankruptcy Judge Peter Russin approved the motion to hold a court auction for VPX business entities on April 27.
This is not the first time that things have gone haywire at Bang.
Background Litigation
When Weston-based VPX filed Chapter 11 reorganization in October 2022 they had listed more than $1.7 billion in liabilities.
