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Cyan-incOculus-questசியான்-இன்க்ஓகுழுச்-தேடலைMyst Is Coming To PC And Mac
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Cyan-incOculus-questசியான்-இன்க்ஓகுழுச்-தேடலைCyan decision, Sundial Growers faced parallel suits in federal and state courts.
See
In re Sundial Growers Inc. Securities Litigation, 19-cv-08913-ALC (S.D.N.Y.). A motion to dismiss has been briefed in the federal action, though a decision has not yet been issued. To avoid duplicative state and federal litigation, we advise corporations to adopt federal forum selection provisions in their bylaws.
See Seyfarth Shaw LLP,
Sundial Growers issued a defense friendly decision which was affirmed by the Appellate Division.
Dismissal of New York State Complaint
The complaint filed in New York state court alleges that the company misled investors by stating it was a producer of “high-quality” and “premium” cannabis when, allegedly, there were issues with cannabis quality, including an alleged incident in 2018 where a large order was returned.
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York-state-appellate-court
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For any company, going public is fraught with securities
litigation risks. As highlighted in the recent New York State
Appellate Court decision
In The Matter of Sundial Growers, Inc.
Securities Litigation, companies operating in the
relatively new, but rapidly growing, frontier of legal cannabis
must be thorough and careful when issuing public disclosures.
Companies must also be aware of venue issues: in particular, the
potential for simultaneous federal and state proceedings related to
IPO filings following the United States Supreme Court s 2018
Cyan decision, and should consider the adoption of Federal
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