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Complaint Filed Against Frankly Inc.SAN FRANCISCO, July 26, 2017 /PRNewswire/ -- Frankly Inc. (TSX VENTURE: TLK), a leader in transforming local TV broadcasters and media companies by enabling them to publish and monetize their digital content across multiple platforms, acknowledges that a Complaint has been filed, but not yet served, by Gannaway Entertainment, Inc. ("GEI"), Albert C. Gannaway III, and Samantha Gannaway in United States District Court for the Northern District of California against Frankly, its CEO, CFO/COO and others alleging violations of United States securities laws, fraud and breach of fiduciary duties, and seeking in excess of USD $15 million in damages, arising out of Frankly's acquisition of Gannaway Web Holdings, LLC ("Worldnow") from GEI and other parties in 2015. Frankly is reviewing the Complaint with its counsel and believes that the claims are without merit. If and when served with the Complaint, Frankly intends to defen the claims vigorously. About Frankly Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Notice Regarding Forward-Looking Statements View original content:http://www.prnewswire.com/news-releases/complaint-filed-against-frankly-inc-300494279.html SOURCE Frankly Inc. |