By: Dale Schafer, Esq
The founders of Colorado cannabis company, Green Dragon, have sued
Eaze Technologies, Stachs LLC, FoundersJT LLC, and multiple members
of the Board of Directors of Eaze and Executives, for Fraud, Breach of
Contract and multiple other counts. The allegations grow out of a
Merger Agreement and multiple loan agreements between the parties
in 2021 and 2022. The Plaintiffs allege that the individual defendants
and Eaze falsely represented the financial condition of Eaze and how
Eaze was running its California delivery operations. The Plaintiffs allege
Eaze was not able to make payroll when the Merger Agreement was
signed. Further, they allege Eaze was running its California operations in
violation of California law.
The alleged actions of Eaze and the other Defendants were done either
as active co-conspirators or aiders or abettors, including secret Board
meetings and secret agreements. Additionally, Plaintiffs allege the
Defendants owned and operated Eaze and Stachs as their alter ego,
thereby subjecting Defendants to possible personal exposure for the
alleged damages. Plaintiffs seek damages for unlawful acts, accounting
and disgorgement, punitive damages and attorneys fees. Standby for
the response of Eaze. This should be interesting.
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