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TradeInvest Asset Management Company (BVI) Ltd. et al v. Wrigley Jr. et al
Case Number:
9:22-cv-80360
Court:
Nature of Suit:
Judge:
Firms
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July 05, 2023
Wrigley Heir, Cannabis Co. Must Face $25M Investor Suit
A Florida federal judge declined Wednesday to toss a $25 million investor suit against cannabis operator Parallel and its former CEO and heir to the Wrigley chewing gum fortune, ruling that the investors provided enough evidence to move their fraud claims forward.
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August 08, 2022
Wrigley Heir Can't Wriggle Out Of Fraud Suit, Investors Say
Investors urged a Florida federal judge to reject a bid by cannabis operator Parallel and its former CEO — who is also heir to the Wrigley chewing gum fortune — to escape a $25 million securities fraud suit, arguing that "boilerplate provisions" written into the deal are not a "get out of jail free card" for lying.
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June 22, 2022
Wrigley Heir, Cannabis Co. Want Investor Fraud Suit Nixed
Cannabis operator Parallel and its former CEO, who is also heir of the Wrigley chewing gum fortune, have asked a Florida federal court to toss a shareholder suit demanding at least $25 million in damages for purported securities fraud, arguing it is "not a case of fraud but of disappointed investors."
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March 11, 2022
Investors Accuse Wrigley Heir Of Fraud Over Cannabis SPAC
A trio of investors in cannabis operator Parallel have accused the company and its former CEO, heir of the Wrigley chewing gum fortune, of securities fraud for allegedly inducing the shareholders to invest amid a go-public combination with a blank-check company affiliated with record executive Scooter Braun that eventually failed.