Blockchain Loyalty Corp. Considers Legal Action Against Legacy Stock Transfer

Blockchain Loyalty Corp., also known as Belle Bonica Luxe Corp., has announced potential legal action against its former transfer agent, Legacy Stock Transfer Inc. The company accuses Legacy of obstructing operations and breaching fiduciary duties. This news follows the termination of Legacy as the transfer agent in favor of Transfer Online Inc. Despite assurances, Legacy has failed to transfer essential shareholder records and provide a final invoice for services rendered.

The company highlights a troubling history of misconduct by Legacy Stock Transfer, previously known as Signature Stock Transfer Inc., which includes allegations of fraudulent activities and delays in processing investor requests. These issues have prompted Blockchain Loyalty Corp. to seek legal remedies. The company may pursue litigation to compel Legacy to release shareholder records and designate the new transfer agent through proper channels.

CEO Joel DeBellefeuille stated that the company is committed to ensuring transparency and accountability for its shareholders as it explores options for holding Legacy accountable. Potential litigation may also seek punitive damages for Legacy’s obstructive conduct.