Investment Firm And Drink Maker Brawl Over Soured Deal

Law360, New York (March 10, 2006, 12:00 AM EST) -- In a bizarre investment battle, an offshore investment group and a beverage company are taking swipes at each other amid allegations of share dumping and “financial terrorism.”

Tropical Beverage Inc., a producer and distributor of water-based beverages, this week filed a lawsuit in a California Superior Court against The Nutmeg Group, an investment company, and 500 unnamed defendants, accusing them of planning to illegally obtain Tropical shares and force the resignation of its board.

That suit was in response to a civil suit filed in early...
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