Lender Drops $28M NJ Vertical Farm Suit In Federal Court

By Quinn Wilson · March 3, 2023, 3:37 PM EST

A capital investment firm has voluntarily dismissed without prejudice its lawsuit over a $28 million loan to a New Jersey vertical farming company, after it discovered the case lacked jurisdiction diversity...

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Case Information

Case Title

BROADBAND CAPITAL INVESTMENTS II, LLC v. AEROFARMS, INC.

Case Number

2:23-cv-00996

Court

New Jersey

Nature of Suit

Contract: Other

Date Filed

February 21, 2023