Claims In Investor Suits Over Cannabis Company’s Financing Misstatements Trimmed

Mealey's (September 30, 2022, 8:13 AM EDT) -- NEW YORK — A federal judge in New York partially dismissed shareholder claims in a securities class action against a Canada-based cannabis company and others stemming from the defendants’ alleged misrepresentations regarding financing arrangements the company made with a lender, ruling in a consolidated opinion that only certain securities transactions made by investors were domestic under the guidance provided by the U.S. Supreme Court in Morrison v. National Australia Bank Ltd....