Wrigley Heir can’t walk away from fraud suit, investors say

By Jonathan Capriel (August 8, 2022, 10:25 p.m. EDT) — Investors have urged a federal judge in Florida to reject a bid from cannabis operator Parallel and its former CEO — who is also heir to the chewing fortune — gum Wrigley – to escape a $25 million securities fraud lawsuit, arguing that the “standard provisions” written into the agreement are not a “get out of jail card” for lying.

The central argument behind William “Beau” Wrigley Jr. and Georgia-based Parallel’s motion to dismiss is that they cannot be held responsible for any misleading statements they made to solicit funds from companies. investors because of a “non-dependency” clause found in the agreement that everyone signed, according to…

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