NY Lawyer David Feder Takes On Acreage & Others In $600Million Lawsuit NY Supreme Court To Start Hearing Arguments

CANNANNEW REPORT

Here is the story hot off the press from Syracuse.com. As they point out in the piece, if the case moves ahead it could scupper Canopy’s plans to buy Acreage in a $US3.4 billion deal. Not only that, Canopy is also named in the suit Before we get to the story here are a couple of other little factoids Let’s not forget who’s on the Acreage board yes that’s right the former speaker of the house, the one and only John Boehner. We wonder if this lawsuit will reduce him to tears again! Members of the board Name Title Age Since Kevin P. Murphy Chairman 59 2020 John Andrew Boehner Independent Director 71 2018 Douglas L. Maine Lead Independent Director 72 2018 Martin Mulroney Independent Director 82 2018 William C. Van-Faasen Independent Director 72 2020 Peter Caldini Chief Executive Officer & Director 56 2020 Katherine J. Bayne Independent Director 54 2021 Patricia E. Lopez Director 59 2021 https://www.marketscreener.com/quote/stock/ACREAGE-HOLDINGS-INC-47174348/company/   The story Today (Jan. 18), a state Supreme Court judge in New York City will begin hearing arguments on whether plaintiffs David Feder and EPMMNY LLC have authority to sue Acreage and other defendants. If the case moves forward, it could complicate a plan for Canopy Growth of Ontario, Canada, to acquire Acreage – a deal valued at $3.4 billion, according to SeekingAlpha.com, which covers the financial industry. Canopy is also named as a defendant in the suit. In addition to Acreage Holdings, the lawsuit names as defendants representatives of New Amsterdam Distributors LLC and New York Canna Inc., (NYCanna) and individuals including high-profile Syracuse figures like building contractor Dino Dixie, former police chief Dennis DuVal and former WCNY president and CEO Robert Daino. The Syracuse partners initially founded a company called NYCanna around 2013. It was later acquired by Acreage Holdings. The…

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Source : NY Lawyer David Feder Takes On Acreage & Others In 0Million Lawsuit NY Supreme Court To Start Hearing Arguments

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