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Long Side Ventures LLC et al v. Hempacco Co., Inc. et al
Case Number:
1:22-cv-08152
Court:
Nature of Suit:
Contract: Recovery/Enforcement
Judge:
Firms
Companies
Sectors & Industries:
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January 23, 2023
Investors Say Hemp Co. Is Successor To Defunct Video Co.
A group of investors alleging a defunct video rental service tried to avoid paying a $900,000 settlement by transferring its assets to a hemp startup is urging a New York federal court not to throw out its claims, arguing the companies are alter egos of one another and thus belong in the state's courts.
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September 27, 2022
Investors Say Video Co. Moved Assets To Duck Payout
A Mexican video rental company fraudulently transferred $3.6 million in assets to an associated hemp startup to avoid paying a state court judgment to noteholders, the investors have alleged in a New York federal lawsuit.