Pot Co. Investor Wants Owner Sanctioned In Defamation Suit

By Sarah Jarvis (August 24, 2021, 5:55 PM EDT) -- An investor in the now-defunct cannabis company SMRB LLC has asked a Washington federal judge to sanction the company's owner for his "frivolous" defamation case, saying it was filed in retaliation for the investor's cooperation with authorities over the owner's alleged securities fraud.

Investor Joseph Samec said in Monday's motion that owner Robert Russell's defamation suit was only filed to harass Samec for cooperating with state and federal authorities, and that Russell falsely claimed Samec defamed him. Samec is seeking punitive damages and more than $6,000 in sanctions to cover costs he incurred after Russell's expert witness purportedly refused to appear...

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