By Jonathan Capriel (August 8, 2022, 10:25 PM EDT) — Buyers urged a Florida federal choose to reject a bid by hashish operator Parallel and its former CEO — who can also be inheritor to the Wrigley chewing gum fortune — to flee a $25 million securities fraud swimsuit, arguing that “boilerplate provisions” written into the deal will not be a “get out of jail free card” for mendacity.
The core argument behind William “Beau” Wrigley Jr. and Georgia-based Parallel’s movement to dismiss is that they cannot be held liable for all deceptive statements they made to solicit funding from buyers due to a “non-reliance” clause discovered within the settlement everybody signed, in accordance…
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