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August 9, 2022
Investors urged a Florida federal judge to reject a bid by cannabis operator Parallel and its former CEO — who is also heir to the Wrigley chewing gum fortune — to escape a $25 million securities fraud suit, arguing that "boilerplate provisions" written into the deal are not a "get out of jail free card" for lying.
March 12, 2022
A trio of investors in cannabis operator Parallel have accused the company and its former CEO, heir of the Wrigley chewing gum fortune, of securities fraud for allegedly inducing the shareholders to invest amid a go-public combination with a blank-check company affiliated with record executive Scooter Braun that eventually failed.