September 29, 2023
A Colorado federal judge on Friday denied a bid by former NewAge Inc. CEO Brent David Willis to dismiss a suit by the U.S. Securities and Exchange Commission alleging he misled investors by talking up the CBD company's prospects, saying the SEC plausibly alleges that Willis knew he was spreading false information when he made the statements in question.
January 20, 2023
The former CEO of a health and wellness company told a Colorado federal judge Friday the U.S. Securities and Exchange Commission failed to make a legitimate claim that he knowingly issued or approved of false statements to potential investors.
October 19, 2022
The U.S. Securities and Exchange Commission has filed a lawsuit against a former CEO of health and wellness company NewAge Inc., accusing him of fabricating statements to investors about major deals his company was making, including selling CBD-infused drinks.