IAnthus Investors Revise Pot Co. Suits To Beat Legal Hurdles

By Sarah Jarvis (November 4, 2021, 9:39 PM EDT) -- Cannabis company iAnthus Capital Holdings Inc. has been hit with a pair of amended shareholder suits after a New York federal judge determined the investors' previous complaints didn't satisfy a landmark U.S. Supreme Court decision's requirements for domestic trading activity.

Jose Antonio Silva, lead plaintiff in a consolidated class action against the company, and Hi-Med LLC, iAnthus' largest shareholder which filed its own suit, filed amended complaints Wednesday following the August ruling from U.S. District Judge Lewis A. Kaplan. The investors had previously alleged that iAnthus' shares are listed on the Canadian Stock Exchange and trade in the U.S. on the...

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!


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!