Renewal Fuels, Inc. (OTC: RNWF), Operating as American Fusion, Provides Update on Washington State Legal Matters [Yahoo! Finance]
RENEWAL FUELS INC (RNWF)
Company Research
Source: Yahoo! Finance
the “Company”), provides the following update regarding its pending civil action in King County Superior Court (Case No. 25-2-32689-6). On February 26, 2026, the Court entered an order dismissing all claims against Justin Costello pursuant to Civil Rule 41. Because Mr. Costello is no longer a party to the action, the Court struck his Emergency Motion for Stay of All Proceedings. The Court separately entered an order striking the Company's Motion for Entry of Default Judgment against the remaining corporate defendants on procedural grounds related solely to citation formatting requirements under Civil Rule 7 and King County Local Civil Rules. Importantly: • Defaults entered against the corporate defendants remain in place. • The Court did not question service, default, rescission, or the evidentiary record. • The ruling was procedural and did not address the merits of the Company's claims. The underlying action seeks rescission of two 2021 asset purchase agreements and ca
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