April 15, 2022
The attorneys and lead plaintiffs who represented a proposed class of investors in India Globalization Capital Inc. will receive over $370,000 following settlement of their claims that the company hurt investors by announcing it would make a CBD drink in Malaysia, where doing so is punishable by death.
March 17, 2022
Investors in India Globalization Capital Inc. have asked a federal judge in Maryland to sign off on the distribution of about $371,000 to the attorneys and lead plaintiffs, who accused the company of hurting investors by announcing plans to produce a CBD energy drink in Malaysia, where making cannabis products is punishable by death.
October 21, 2021
A proposed class of investors asked for preliminary approval Wednesday of a $1 million settlement they reached with India Globalization Capital over claims the company misled investors about plans to manufacture a CBD energy drink in Malaysia even though cannabis production is illegal in the country.
December 13, 2019
A Maryland-based CBD company has asked a federal judge to consider the full range of documents that it says show the company never misrepresented the legality of its products, as investors have alleged in a proposed class action for securities fraud.
November 13, 2019
Investors in a proposed shareholder class action doubled down on their claims that India Globalization Capital lied about its business and its plans to make CBD energy drinks, costing them millions of dollars.