MALLOZZI v. INNOVATIVE INDUSTRIAL PROPERTIES, INC. et al
Case Number:
2:22-cv-02359
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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September 26, 2024
Cannabis REIT Beats Investor Class Action For Good
A New Jersey federal judge has allowed a cannabis-focused real estate investment trust and certain executives to permanently escape a proposed class action brought by the company's shareholders, finding the lawsuit failed to allege the defendants did not conduct proper due diligence on a major tenant accused of engaging in fraud.
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September 20, 2023
NJ Judge Tosses Proposed Cannabis REIT Investor Suit
A cannabis-focused real estate investment trust is off the hook in a proposed securities class action from investors who claimed the REIT hid the fact that its major tenant was a Ponzi scheme.
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January 26, 2023
Investors Say Cannabis REIT Should Have Known About Ponzi
Investors in a real estate investment trust that purportedly fell prey to fraud said the REIT and its management can't escape a proposed class action by claiming they were upfront with investors, telling a New Jersey federal court that just a bit of required diligence would've uncovered a major tenant was a Ponzi scheme.
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December 02, 2022
CORRECTED: Cannabis REIT Wants Out Of Risky Investment Claims
Cannabis-focused real estate investment trust Innovative Industrial Properties Inc. on Thursday asked a New Jersey federal judge to dismiss a proposed class action accusing it of being a "marijuana bank," saying the investors who brought the claim failed to prove the company took too much risk with its investments.
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April 25, 2022
Cannabis REIT Is A 'Marijuana Bank' In Disguise, Suit Says
An investor sued Innovative Industrial Properties Inc. on Monday in New Jersey federal court for alleged fraud, after a short-selling firm accused the cannabis properties-focused real estate investment trust of actually operating as a marijuana company lender.