GLOBAL TECH INDUSTRIES GROUP, INC. 8-K

What Happened
GLOBAL TECH INDUSTRIES GROUP, INC. (GTII) filed an 8-K (Mar 3, 2026) reporting two material developments in the receivership overseen by Receiver Paul L. Strickland. The Receiver finalized a settlement with the Company’s former President and Director, Kathy Griffin, and certain family members on December 22, 2025; the court approved that settlement on February 26, 2026. Separately, TTII Strategic Acquisitions & Equity Group Inc. (a wholly owned GTII subsidiary) filed suit against Astra Energy, Inc. (ASRE) on July 22, 2025, and a default judgment against ASRE was entered on March 2, 2026.

Key Details

• Case: White Rocks (BVI) Holdings Inc., et al. v. Reichman, et al., Case No. A-24-896359-B, Clark County, Nevada (receivership for GTII established Sept 18, 2024).
• Settlement with Kathy M. Griffin: finalized Dec 22, 2025; court approval Feb 26, 2026.
• Litigation vs. Astra Energy (ASRE): complaint filed July 22, 2025 by TTII Strategic Acquisitions & Equity Group Inc.; default judgment entered Mar 2, 2026.
• Receiver: Paul L. Strickland remains appointed under the Receivership Order.

Why It Matters
These court actions update the legal and receivership status of GTII. The approved settlement resolves claims involving the former president and her family, and the default judgment resolves the subsidiary’s claim against Astra Energy. Both outcomes affect how the Receiver can manage and distribute assets under the receivership and are material legal developments investors should note when assessing GTII’s litigation exposure and potential asset recoveries.