Hemp Biz Launches Blockchain-Based Litigation Funding

By Elise Hansen (October 26, 2021, 8:58 PM EDT) -- Retail investors can now bet on litigation finance via a blockchain-based token offering — a so-called initial litigation offering — that will fund hemp company Apothio while it battles a California county in federal court, according to a Tuesday announcement.

Indiana-based Apothio LLC and its counsel, Roche Freedman LLP, are hoping to raise up to $5 million for Apothio while it pursues a lawsuit alleging California's Department of Fish and Wildlife illegally bulldozed hundreds of acres of hemp crops on one of its farms. Investors in the tokens will have an interest in proceeds Apothio may win from the suit, according...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

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


Related Sections

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!