Venable Tapped in Securities Suit Claiming Cannabis Company Negotiated Sale Without Approval from Equity Holders
This suit was surfaced by Law.com Radar. Read the complaint here.
September 20, 2021 at 05:19 PM
1 minute read
Lawyers at Venable on Sunday removed a shareholder lawsuit against the founders of Coastal Holding Company, an operator of cannabis dispensaries, to California Central District Court. The complaint, filed by the Law Office of Nigel Burns on behalf of investor LMAJ, accuses the defendants of negotiating to sell the company without required approval from Series B equity holders. The case is 8:21-cv-01533, Lmaj, LLC v. Michalowski et al.
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