Key insights

• Settlement Agreement Confusion

  • 🧾 Discussion of provisional payments and outstanding invoices totaling nearly $50 million.
  • 🔖 Dispute over crucial details regarding Jim's trademark application.
  • ⚠️ Ongoing legal objections and interruptions during the deposition process.

• Complexities in Legal Depositions

  • ⏳ Depositions marked by prolonged questioning and clarifications.
  • 🤷‍♂️ Witness struggles to recall specific agreements and payments related to vendors.

• Attorney-Client Privilege & Financial Dealings

  • 🔒 Discussion about attorney-client privilege and the need for breaks.
  • 📱 Testimonies about Jim's financial dealings and conflicting responses regarding messages.
  • 🚨 Allegations of misleading communication with vendors regarding payments owed.

• Invoices and Financial Legitimacy

  • 📊 Accusations of fabricated invoices between Votes and CBC.
  • 🔍 Claims of $4.7 million owed by Votes to CBC.
  • 💳 Discussion on advanced payments made by CBC to Votes totaling over $50 million.

• Financial Agreements & Employee Roles

  • 💰 Discussion about financial agreements and payments made to Jim.
  • ✍️ Verbal agreements and controversies over document authenticity.
  • 👤 The role of Alexander Kur in overseeing production, with ambiguity regarding his employment.

• Purchase Order Authorization

  • 📦 Votes issued a purchase order to Mad Engine for $12 million worth of bottles.
  • 💬 Payments were made directly from CBC to Mad Engine, authorized verbally by Jim.
  • 📅 Weekly meetings discussed payments and invoices between CBC and Mad Engine.
  • 💳 Confusion over redirection of funds and agreements regarding payments to Mad Engine.

• Salary and Operating Agreement Discussion

  • 💼 Discussion about CBC's operating agreement and salary entitlements.
  • ❗ Multiple objections raised regarding the lack of foundation and ambiguity in questions.
  • 🤔 Mr. Bakali indicates uncertainty and needs to consult legal counsel for clarity.
  • 💵 Discussion of distributions made to CBC's officers, particularly Jim's $1.5 million due amount.

• Deposition Formalities

  • 📝 Today's deposition of Fizan Bali proceeds with formalities including identification and background confirmation.
  • 🏢 Bali confirms ownership details related to GB Capital Partners LLC and Mad Engine LLC.
  • ⚖️ Emphasis on the importance of clarity and accurate responses during questioning.

Q&A

• What was highlighted regarding the trademark application and financial settlements? 📄

  During the deposition, significant confusion arose related to a settlement agreement involving outstanding invoices and Jim's trademark application. There were disputes about the financial figures disclosed, timing of agreements, and whether Jim was fully informed about important trademark application details.

• What challenges did witnesses face during the deposition? 📝

  Witnesses struggled with remembering specific financial agreements and the nuances of payments, leading to repeated objections and clarifications. The complexity of the case, including disputes over amounts owed and document authenticity, contributed to the difficulties in providing clear testimony.

• How does attorney-client privilege come into play during the deposition? ⚖️

  Attorney-client privilege is discussed in the context of financial communications and the need to protect sensitive information during questioning. There are concerns about ensuring that privileged discussions remain confidential while navigating the financial dealings involving vendors and individuals.

• What kind of financial disagreements were discussed? 💼

  Disagreements about fabricated invoices, outstanding debts (including $4.7 million owed by Votes to CBC), and the accuracy of financial communications were central to the discussions. Testimonies suggested distrust and complications regarding the financial dealings between the parties.

• Can you explain the significance of the $12 million purchase order? 💰

  The $12 million purchase order for bottles from Mad Engine is significant as it highlights the payment process, including verbal agreements and emails related to payments from Clean Beauty Concepts. The authorization and communication about these financial transactions became contentious topics during the deposition.

• What issues were raised regarding salary and distributions? 🤔

  Key issues raised include ambiguity around the operating agreement, the witness's uncertainty about specific salary figures and distributions, and potential confusion regarding tax implications from these salary distributions and their overarching relation to CBC's operating agreements.

• What is the main focus of Fizan Bali's deposition? 📜

  The deposition focuses on the case of Shazad vs. Clean Beauty Concepts LLC, addressing the ownership structure of Clean Beauty Concepts LLC, its operating agreements, salary entitlements, and the financial dealings between the involved parties, particularly regarding a $12 million purchase order and related agreements.

• 00:10 Today's deposition of Fizan Bali, related to the case Shazad vs. Clean Beauty Concepts LLC, proceeds with formalities including identification, the witness's background, and confirmation of documentation. Key points discussed include ownership of companies and the responsibilities of managers.
• 37:31 The deposition involves a complex discussion about CBC's operating agreement and salary entitlements, with key objections raised regarding foundation and evidence relevance. The witness, Mr. Bakali, struggles to recall specifics about his salary and distribution amounts while referencing legal advice.
• 01:23:55 The discussion revolves around the authorization and details of a $12 million purchase order for bottles from Mad Engine, with testimonies about the payment process involving email communications, verbal agreements during meetings, and the involvement of CBC and Votes. There is contention over what was documented and communicated regarding these transactions. 📜
• 02:01:09 The discussions revolve around financial agreements and testimony in a legal context, highlighting key testimonies about payment agreements, document signatures, and employee roles. 🤔
• 02:33:47 This segment involves a legal deposition where various questions about financial transactions between CBC and Votes are discussed, focusing on invoices and their legitimacy. Testimonies suggest that CBC owes a significant amount to Votes, while fabrication of invoices is also debated. Disputes arise regarding the financial status and communication between parties involved, alongside highlighting potential bankruptcy discussions.
• 03:06:01 The questioning involves discussions about privilege, payments to creditors, and text messages regarding financial dealings with vendors and individuals. There are disputes over the content of messages and the attorney-client privilege.
• 03:39:20 The transcript captures a legal deposition involving challenging questions about financial settlements and testimony related to payments between parties, with confusion over some statements and objections raised throughout the process. 📜
• 04:15:56 The deposition centers around a settlement agreement involving outstanding invoices, where the witness struggles to clarify financial figures owed to Jim and disputes over the payment terms and conditions related to Jim's trademark application. 📄