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StocksMedium•8 April 2026•

1 min read

Xtreme One Entertainment Secures Restraining Order Against Lender Over Fraud Claims

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Key Facts

1Xtreme One Entertainment (XONI) was granted a Temporary Restraining Order (TRO) against Williamsburg Venture Holdings.

Xtreme One Entertainment, Inc. (XONI) has successfully obtained a Temporary Restraining Order (TRO) against Williamsburg Venture Holdings, LLC. The legal action follows a lawsuit filed by the company alleging fraud, breach of contract, and unauthorized wire transfers. The court order effectively halts the alleged fraudulent transfer and sale of XONI stock by the institutional lender. According to the filing, the lender was purportedly engaging in the unauthorized disposal of shares on the open market. This judicial intervention is seen as a critical step in protecting the company’s capital structure and shareholder equity. Management emphasized its commitment to pursuing all legal remedies against the lender and its managing member to mitigate further financial damage.