CCSAC, Inc. et al v Pacific Banking Corp et al
Case Number:
3:20-cv-02102
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Firms
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June 14, 2023
Bank To Shell Out $5M To End Pot Co.'s Tax Payment Claims
A cannabis-friendly banking firm has agreed to pay $5 million to resolve a former client's claims that the firm failed to pay taxes on its behalf to California, the parties told a federal court Wednesday, with the firm asking the court to close the case.
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October 26, 2022
Bank Rebuffs Fixed Records Claims From Cannabis Co.
Cann Distributors and the cannabis industry banking firm it has accused of withholding its money continue to spar over discovery after their last conflict frustrated the judge overseeing their case, prompting him to warn that "sanctions are going to fly."
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October 17, 2022
Cannabis Co. Says Indicted CEO Can't Testify In Civil Suit
A cannabis-friendly banking firm is urging a California court to issue a stay on claims that it failed to pay taxes on behalf of one of its clients, resulting in millions in penalties, saying because the CEO has been indicted and is now in federal custody, he cannot appear to testify at an upcoming hearing.
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September 26, 2022
Cannabis Co. Seeks Default Win Against Bank Firm In Tax Suit
A cannabis company accusing a banking firm of failing to pay millions in state taxes on its behalf asked a California federal judge for sanctions and a default judgment, saying the CEO lied during a deposition and submitted falsified documents.
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September 15, 2022
Sanctions Will 'Fly' In Cannabis Bank Discovery Dispute
A California federal judge is not happy with the way a cannabis industry banking firm has been behaving during discovery in a dispute accusing it of withholding funds from a client, and he has told Pacific Banking Corp. that "sanctions are going to fly."
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July 25, 2022
Bank Wants Cannabis Co.'s Early Win Bid Nipped In The Bud
Cannabis industry banking firm Pacific Banking Corp. has pushed back against a cannabis company's bid for summary judgment in a lawsuit accusing Pacific of withholding funds and failing to make tax payments on the cannabis company's behalf.
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July 11, 2022
Cannabis Co. Seeks Early Win In Suit Against Bank
A California cannabis company is seeking a summary judgment win in its suit accusing an industry banking firm of withholding funds and failing to make tax payments on the company's behalf, telling a Golden State federal court the facts show their claims are true.
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August 02, 2021
Pot Banker Wants Multiple Claims Cut From Ex-Client's Suit
A cannabis banking firm accused by a former client of withholding funds and failing to make certain payments on its behalf has asked a California federal judge to dismiss most of a lawsuit against it, arguing its former client had failed to prove either fraud or plausible injuries.
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June 21, 2021
Pot Banker Says Looming Criminal Charges Warrant Suit Stay
A cannabis banking firm has disclosed to a California federal court that its CEO is expected to face various charges in the wake of a federal criminal investigation, saying a suit filed by a client accusing it of withholding nearly $3 million should be paused until the criminal investigation concludes.
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May 14, 2020
Pot Banker Says Client Can't Bring $3M Suit In Federal Court
A cannabis banking firm accused of withholding nearly $3 million from a client said it can't be sued for the funds in federal court because marijuana is illegal, adding that the client should be penalized for concealing the client's illicit business from the court.