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Investor Slams Sanctions Objection In CBD Co. Securities Suit
Law360 (January 11, 2021, 7:13 PM EST) The lead plaintiff in a securities class action against a CBD company that allegedly misled investors about a rejected patent application has pushed back against objections filed by the company and its former executives after a magistrate judge hit them with sanctions.
Richard Ina, a trustee of the Ina Family Trust, said in a filing Friday that an objection from former CV Sciences Inc. executives Michael Mona Jr. and Michael Mona III is frivolous and beyond the court s review.
Last month, Magistrate Judge Brenda Weksler partially granted Ina s sanctions motion, in which Ina argued that the Monas former attorneys concealed evidence.