Wrigley Heir, Cannabis Co. wants investor fraud lawsuit dropped

By Sarah Jarvis (June 22, 2022, 8:21 p.m. EDT) – Cannabis operator Parallel and its former CEO, who is also heir to the Wrigley chewing gum fortune, have asked a federal court in Florida to sue in court demanding at least $25 million in damages for an alleged securities fraud, arguing that it is “not a case of fraud but of disappointed investors”.

William “Beau” Wrigley Jr., Georgia-based Parallel and other defendants said in a joint motion to dismiss filed Tuesday that plaintiffs – TradeInvest Asset Management Co. (BVI) Ltd., First Ocean Enterprises SA and Techview Investments Ltd. . liberties with the facts. In fact, “it’s no secret” that Parallel…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

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

TRY LAW360 FREE FOR SEVEN DAYS

Comments are closed.