FEDERAL COURT AWARDS TLS A MULTI-MILLION DOLLAR JUDGMENT AGAINST MARDIS FINANCIAL SERVICES, INC., CAPITAL PRESERVATION SERVICES, LLC AND J. TODD MARDIS

TLS Management & Marketing Services, LLC, doing business as Tax Law Solutions (“TLS”) would like to take this this opportunity to advise you of a significant final judgment, entered on August 3, 2018 following trial, in favor of TLS and against J. Todd Mardis, Capital Preservation Services, LLC and Mardis Financial Services, LLC (collectively, “Mardis”).  This judgment follows a prior decision of the same Court sanctioning Mardis for misconduct uncovered in the course of the litigation including the destruction of evidence.  A copy of the Court’s Sanction order and Findings of Fact and Conclusions of Law are available here and detail the misconduct at issue: [ECF 187 and ECF 225].

In 2014, TLS sued Mardis in Federal Court in Mississippi seeking a monetary judgment and injunctive relief against Mardis for, among other things, their alleged breach of the contracts they entered with TLS and for misappropriation of TLS’s trade secrets – secrets that Mardis obtained access to as a result of these contracts, inclusive of the methods of tax reduction that are unique to TLS that are of significant benefit to our clients and not generally available.  After nearly four years of litigation, the Court found Mardis’ conduct was willful and malicious and ruled in favor of TLS on all counts.  This judgment includes a significant monetary award to TLS, but the Court also permanently enjoined: “Defendants, their agents, their principals, and their affiliates from (1) using, disclosing, transmitting or possessing any versions or derivations of TLS’s Tax Report and (2) linking their business activities to TLS or otherwise misrepresenting their affiliation with TLS.”

Additionally, on August 16, 2018, Capital Preservation Services, LLC (CPS) filed for bankruptcy protection in the Southern District of Mississippi.  The bankruptcy petition and the notice of bankruptcy are available here: [ECF 231-1 and BK Dkt No. 1].  TLS intends to enforce all of its rights of collection within the bankruptcy proceeding and as may be appropriate otherwise.

TLS is a group of highly skilled tax experts and accounting professionals that have achieved tax reduction results consistently achieving reductions of 20%-40%, through the customized use of TLS’s Tax Report

Please contact Vanessa Martin at Tax Law Solutions if you have any questions.  Vanessa can be reached at vmartin@tlsresources.net, or 787-200-3359 ext. 2021.