Grandparents.com Shareholders Demand Release Of Investigation Report

Three Former Executives Challenge Appointment of Two Directors Having a Conflict of Interest to Investigate CEO and COO and their Intentional Disregard of Compelling Evidence of Fraud and Misconduct

Note: Joseph Bernstein, former Co-CEO and shareholder of GRANDPARENTS.COM INC., is issuing this news release on behalf of himself and other similarly situated shareholders.

Dec 14, 2015, 12:38 ET from Joseph Bernstein

NEW YORK, Dec. 14, 2015 /PRNewswire/ -- This link --- www.GPCM-CEO-COO-Complaints.weebly.com -- contains complaints against CEO Steve Leber, and COO Lee Lazarus of GRANDPARENTS.COM, INC. (OTCQB: GPCM) filed by the former Chief Compliance Officer on September 30, 2015, and the undersigned former Co-CEO on October 21, 2015. The link includes a December 14, 2015 letter by the CFO regarding his termination on December 11, 2015. The board terminated him in violation of Sarbanes-Oxley, OSHA and state and federal criminal laws prohibiting retaliatory action against whistleblowers. The termination followed after the CFO provided company auditors copies of the complaints that the CEO and COO had refused to forward to the auditors, and after the CFO refused to certify the 10-Q due to allegations of fraud and misconduct and lack of transparency by management.  

Press Release Calls for Investigation by Law Enforcement Agencies – December 9, 2015

On December 9, 2015, the undersigned issued a press release calling for an investigation of Steve Leber and Lee Lazarus by the SEC and US Attorney for the Southern District of NY -- for fraud, self-dealing and other acts of misconduct. http://www.prnewswire.com/news-releases/grandparentscom-shareholder-calls-for-investigation-of-ceo-steve-leber-by-the-us-securities-and-exchange-commission-and-us-attorney-for-the-southern-district-of-new-york-300190759.html

On December 10, 2015, the company asserted in a press release that a report by Blank Rome LLP, as special counsel to a so-called Independent Special Committee consisting of three board members appointed to investigate the charges, "showed" that the allegations were "unfounded and without merit." http://www.prnewswire.com/news-releases/independent-investigation-showed-allegations-against-grandparentscom-unfounded-300191266.html

YOU ARE INVITED TO DRAW YOUR OWN INDEPENDENT CONCLUSIONS  
AS TO WHETHER THE ALLEGATIONS IN THE FOLLOWING LINK 
ARE UNFOUNDED AND WITHOUT MERIT
www.GPCM-CEO-COO-Complaints.weebly.com

The Company Should Release the Report: Grandparents.com, Inc. is a public company and material information should not be withheld if there is nothing to hide. If as the company claims, Mr. Leber and Mr. Lazarus have been completely exonerated, then there should be no reason to keep the report from review by shareholders. As representative of the largest group of shareholders in the company, and in the interest of transparency, the undersigned calls on the company to immediately release the complete report so shareholders may review the allegations and determine whether the allegations are meritorious or are unfounded and without merit. 

Joseph Bernstein
joebernstein@me.com 
917.365.3651

 

SOURCE Joseph Bernstein