3rd Circ. Clears Cannabis REIT In Investor Fraud Suit

By Katryna Perera · October 15, 2025, 9:31 PM EDT

The Third Circuit on Wednesday affirmed the dismissal of a securities fraud class action against a cannabis-focused real estate investment trust that alleged the trust violated securities laws by ignoring red...

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Case Information

Case Title

Alejandro Handal, et al v. Innovative Industrial Properties Inc, et al

Case Number

24-2829

Court

Appellate - 3rd Circuit

Nature of Suit

3850 Securities, Commodities, Exchange

Date Filed

October 01, 2024