Please note this was a settlement conference for TRTC is NOT one of the parties. It is Peterson vs Mann, Peterson is the CEO of TRTC and TRTC does own Growop. Parent companies -- the shareholders -- are not traditionally held liable for the debts or actions of their subsidiaries.
The Basic Rule–Parent Corporation not Liable for Acts of Subsidiaries
It is all very lame and the point should be moot, but some people can't find any other dirt on TRTC. Because there is no dirt to find.
Note the date of the (AMENDMENT) is for a conference on 11-05-14 has been vacated and reschedule. It has NOT been reschedule. The details of this case are well known, and it is highly unlikely that Mann will show up for the trial. To Date no discovery has been exchanged and all research on Mann will clearly show:
Oakland officials rescinded a proposed medical marijuana dispensary permit due to its ties to Mann, who would have served as the business' consultant and landlord. According to the Oakland Tribune, Deputy City Attorney Arturo Sanchez nixed the permit for G8 Medical alliance on the guise that the organization "willfully ignored serious concerns."
Yet Derek Peterson got a permit to operate the most successful dispensary in Oakland.
In 2014 Dhar Mann was convicted of five felony counts of defrauding the City of Oakland by stealing redevelopment funds sourced from California taxpayers.He was sentenced to five years' probation and restitution of $44,399 to the City of Oakland.Oakland's civil suit against Mann is still pending resolution.
WeGrow co-owner Derek Peterson split with Mann in December and filed a small claims action February 22 against Joty Nagra, WeGrow's bookkeeper. Peterson has also filed a small claims case against WeGrow employee Tony Alvarez for $3,000 and WeGrow manager Justin Jorgensen.
