Marijuana Magnate's Assets Frozen In $7M SEC Suit

Law360 (March 8, 2018, 8:57 PM EST) -- A Colorado federal judge on Thursday agreed to freeze over $3 million of medical marijuana magnate Jeffrey Friedland’s assets in light of the U.S. Securities and Exchange Commission’s lawsuit accusing him of illicitly making $7 million for touting a marijuana-based pharmaceutical company’s stock.

U.S. District Judge Marcia S. Krieger said in her order that the SEC had shown a high likelihood of prevailing on its claims that Friedland, an influential figure in the medical marijuana community, promoted the stock of OWC Pharmaceutical Research Corp. without ever...
To view the full article, register now.




Case Information

Case Title

United States Securities and Exchange Commission v. Friedland et al

Case Number




Nature of Suit

Securities, Commodities, Exchange


Marcia S. Krieger

Date Filed

March 5, 2018

Government Agencies

Judge Analytics

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.