June 17, 2025
Investors in a cannabis-focused real estate investment trust urged the Third Circuit on Tuesday to revive their proposed class action alleging it violated securities laws by ignoring information about a tenant, saying it was reckless to have claimed it conducted due diligence when it knew it did not.
September 26, 2024
A New Jersey federal judge has allowed a cannabis-focused real estate investment trust and certain executives to permanently escape a proposed class action brought by the company's shareholders, finding the lawsuit failed to allege the defendants did not conduct proper due diligence on a major tenant accused of engaging in fraud.
September 20, 2023
A cannabis-focused real estate investment trust is off the hook in a proposed securities class action from investors who claimed the REIT hid the fact that its major tenant was a Ponzi scheme.
January 26, 2023
Investors in a real estate investment trust that purportedly fell prey to fraud said the REIT and its management can't escape a proposed class action by claiming they were upfront with investors, telling a New Jersey federal court that just a bit of required diligence would've uncovered a major tenant was a Ponzi scheme.
December 02, 2022
Cannabis-focused real estate investment trust Innovative Industrial Properties Inc. on Thursday asked a New Jersey federal judge to dismiss a proposed class action accusing it of being a "marijuana bank," saying the investors who brought the claim failed to prove the company took too much risk with its investments.
April 25, 2022
An investor sued Innovative Industrial Properties Inc. on Monday in New Jersey federal court for alleged fraud, after a short-selling firm accused the cannabis properties-focused real estate investment trust of actually operating as a marijuana company lender.