Lab Investor Hits CBD Co. With Securities Fraud Suit



Law360 (October 4, 2019, 6:38 PM EDT) — Arizona-based investor Halo Laboratories LLC has sued an Oregon-based company, claiming it falsely represented plans to use Halo’s money to build a CBD extraction facility when it was actually building an unlicensed marijuana enterprise.

Halo’s Thursday complaint includes counts for federal securities fraud, Oregon securities fraud and breach of contract against Corey Gaines, James Tindall, Aukai King and their company UXTract LLC.

King, who owns the property where UXTract planned to conduct its business, had “total control” over how much material UXTract could process, because county zoning regulations specified that a quarter of the material processed at the facility must come…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!



Source link

Leave A Reply

Your email address will not be published.

× Order via Whatsapp?