Investor Says Hemp Co. Lied About Business Plans

Law360 (December 3, 2019, 9:08 PM EST) -- A Florida-based company working to construct buildings out of hemp-based materials solicited investments while secretly planning to deregister its publicly traded shares, a private investment bank claimed in a lawsuit filed Monday in New York federal court.

Coventry Enterprises LLC brought claims for breach of contract, securities fraud, common fraud and deceit, and negligent misrepresentation in its 23-page complaint against Hemp Naturals Inc., CEO Levi Jacobson and Yosef Bleier, whose wife is the company's secretary.

New York-based Coventry, which is owned by Michigan resident Jack Bodenstein and Solomon Eisenberg of New York, claims that it lost more than $300,000 that it...

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