Van Nuys, CA – WantedList, Inc. has announced today that it has filed for arbitration against Shahan Ohanessian and Xflix, llc over the asset purchase agreement of Xflix.com and his consulting agreement.

The lawsuit alleges that the goods and services provided under the agreements were not delivered and that there was intent to defraud WantedList amongst other things.

Through the development of the case one major find was that Ohanessian did not have the full rights to Xflix because it was in litigation in LA Superior Court against his former partner and brother in law Ghevont Tersakian.

“A lot of different things will be argued about this case from both sides, but the one thing we do know for sure that’s not arguable is the fact that he signed this deal indicating that this company was free and clear of lawsuits and then midway through the case we find out he was mired in a major lawsuit over the assets of the company. We would never have moved forward with this deal knowing what we know today,” says Anh Tran co-founder of WantedList.

“We had high hopes for the both the relationship and the technology provided by Xflix, llc. However, the assets and services failed us time and time again, which is why we had to move away from their platform and onto our own proprietary one,” said Danny Ting co-founder of WantedList.

With this action, WantedList is seeking relief from damages caused by entering a false business relationship with Ohanessian.