01:37 PM EST, 01/17/2025 (MT Newswires) -- Brand Engagement Network ( BNAI ) said Friday it has terminated its exclusive reseller agreement with AFG Companies and filed a lawsuit against the company and its chief executive Ralph Wright Brewer III.

Brand Engagement Network ( BNAI ) alleged AFG failed to provide access to an agreed-upon operational-ready data platform which would have let it deliver its artificial intelligence solutions to dealerships.

The company also claimed that AFG concealed a ransomware attack on its network shortly before both sides reached an agreement on the data platform.

AFG did not immediately respond to a request for comment from MT Newswires.

Shares of Brand Engagement Network ( BNAI ) were up 5.6% in recent trading.

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