The New York Supreme Courtroom has dominated {that a} $600 million lawsuit towards multistate hashish firm Acreage Holdings and almost 30 different defendants can transfer ahead, Syracuse.com stories. The lawsuit alleges that the defendants participated within the scheme to illegally push a accomplice out of a medical hashish license.
The lawsuit names as defendants representatives of New Amsterdam Distributors, LLC, New York Canna, Inc. and different high-profile people together with former Syracuse police chief Dennis DuVal and former WCNY president and CEO Robert Daino. DuVal and Daino based New York Canna in 2013, which was later acquired by Acreage, and the lawsuit particulars a lot of mergers, takeovers, and transactions within the firm’s historical past, the report says.
The lawsuit contends that the plaintiffs, EPMMNY, LLC, performed an instrumental position in acquiring the medical hashish licenses beneath which Acreage at present operates and that the corporate and different defendants violated a contract for the possession, administration, and management of the enterprise license. The lawsuit was initially filed in 2018.
Decide Andrea Masley dominated that EPMMNY has the capability to maneuver ahead with the case, lawyer Lawrence Lonergan, who’s representing the plaintiff instructed Syracuse.com. Defendants had sought to dismiss the lawsuit through the pretrial evidentiary listening to.
The lawsuit seeks the worth of the license – $200 million – along with $400 million in punitive damages and management of the license.
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