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Emerging Industry Technologies, Inc. v. Fidelity National Information Services, Inc.
Case Number:
1:23-cv-05922
Court:
Nature of Suit:
140 Contract: Negotiable Instrument
Judge:
Firms
Companies
Sectors & Industries:
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August 15, 2024
Startup's Cannabis Payment Deal Dispute Can Move Ahead
An Illinois federal judge has preserved the bulk of a now-defunct cannabis payment startup's suit alleging Fidelity National Information Services drove it out of business by backing out of a partnership deal, saying that while there wasn't an enforceable contract, the startup sufficiently pled that FIS was misleading in its promises.
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November 22, 2023
CBD Co. Says Firm 'Gaslighting' In Bid To Dismiss Suit
Cannabis company Spence Labs is urging an Illinois federal court not to throw out its contract breach suit against Fidelity National Information Services Inc., saying Fidelity National's motion to dismiss is "gaslighting" by representing that it never had a contract with the cannabis firm.
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October 24, 2023
FIS Asks Court To Toss CBD Co. 'Catch And Kill' Contract Suit
Fidelity National Information Services Inc. wants out of a lawsuit from a cannabis company accusing it of illegally backing out of a partnership that caused the startup to fail, arguing that the parties only participated in high-level, preliminary business discussions.
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August 24, 2023
Cannabis Fintech Says FIS 'Catch And Kill' Destroyed Biz
A shuttered Chicago-based cannabis fintech startup claims in a lawsuit filed Wednesday in Illinois federal court that Fidelity National Information Services destroyed its business when it unlawfully backed out of a partnership to develop "game changing" ways of processing payments for the typically cash-only cannabis industry.