BEN terminates AFG reseller agreement, files lawsuit alleging fraud and ransomware concealment

Brand Engagement Network Inc.

Terminated Exclusive Reseller Agreement with AFG Companies; filed lawsuit against AFG and CEO Ralph Wright Brewer III.
Lawsuit filed Jan 16, 2025 in N.D. Texas alleging fraudulent misrepresentation, breach of contract, and concealment of ransomware attack.
AFG's failure to provide operational-ready data platform hindered BEN's ability to deliver AI solutions to dealerships.
Company proceeding with Automotive AI Agent launch supporting over 13,000 dealerships; secured automotive pilots.
Plans to expand through Midwest pilots, Mexican reseller partnerships, and Canadian dealer groups.

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