- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Southlake Today
By the People, for the People
Renewal Fuels Provides Update on Washington Legal Matters
Company says court orders were procedural, not a ruling against its claims.
Published on Feb. 27, 2026
Got story updates? Submit your updates here. ›
Renewal Fuels, Inc. (OTC: RNWF), operating as American Fusion, has provided an update on its pending civil action in King County Superior Court in Washington state. The court dismissed all claims against Justin Costello and struck the company's motion for default judgment against other corporate defendants, citing procedural issues. However, the company says the defaults against those defendants remain in place and that the court did not rule on the merits of its claims, which seek to rescind asset purchase agreements and cancel around 1.7 billion shares.
Why it matters
This case involves a dispute over a series of asset purchase agreements and the issuance of a large number of shares that Renewal Fuels claims were done without proper consideration. The outcome could have significant implications for the company's ownership structure and future operations.
The details
In the court case, Renewal Fuels is seeking to rescind two 2021 asset purchase agreements and cancel around 1.683 billion shares issued in connection with those transactions, arguing no proper consideration was received. The court dismissed all claims against Justin Costello and struck the company's motion for default judgment against other corporate defendants, citing procedural issues with the filing. However, the company says the defaults against those defendants remain in place and that the court did not rule on the merits of its claims.
- On February 26, 2026, the court entered an order dismissing all claims against Justin Costello.
- The court also entered an order striking the company's motion for default judgment against the remaining corporate defendants.
The players
Renewal Fuels, Inc. (OTC: RNWF)
An advanced energy platform company focused on the development and commercialization of fusion energy technologies through its wholly owned subsidiary, Kepler Fusion Technologies. The company is operating under the American Fusion brand.
Justin Costello
An individual who was previously a party to the civil action but has now been dismissed from the case.
Kepler Fusion Technologies
An advanced energy technology company developing the Texatron™ aneutronic fusion platform, operating as a wholly owned subsidiary of Renewal Fuels.
What’s next
The company is in the process of refiling a corrected motion that complies with the court's procedural directives, which it believes is the last remaining material item outstanding to effect the corporate action with FINRA for the name change and voluntary symbol change.
The takeaway
This case highlights the complex legal disputes that can arise around corporate transactions and share issuances, underscoring the importance of careful documentation and compliance with procedural requirements. The outcome could have significant implications for Renewal Fuels' ownership structure and future operations.
