Judge advances Left Coast investor suit over premerger financing deal | Secondary Sources | Westlaw

Judge advances Left Coast investor suit over premerger financing deal | Secondary Sources | Westlaw

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Judge advances Left Coast investor suit over premerger financing deal

2022 CORPGDBRF 0032By Allen Calhoun, Esq.Westlaw Corporate Governance Daily Briefing (Approx. 3 pages)

Judge advances Left Coast investor suit over premerger financing deal

2022 CORPGDBRF 0032By Allen Calhoun, Esq.Westlaw Corporate Governance Daily Briefing (Approx. 3 pages)

Judge advances Left Coast investor suit over premerger financing deal

(March 2, 2022) - The Delaware Chancery Court has greenlighted a shareholder suit alleging that insiders at cannabis operator Left Coast Ventures Inc. diverted $40 million from stockholders by making financing amendments that benefited the insiders'...

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Article: Left Coast investors sue over financing amendments on eve of take-public sale 
Date: Apr. 1, 2021
Three former Left Coast Ventures Inc. shareholders say the cannabis company's insiders breached their fiduciary duty by pushing through amendments to outstanding convertible notes and warrants on the eve of a sale to a publicly held blank check...
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