Notis Global Inc. (fka NGBL)

[penknee]

That link was from May before the case went to court. MY LINK IS FROM 10/21/2016 AFTER Notis LOST THE CASE.


Whole Hemp complaint
 
A complaint was filed by Whole Hemp Company, LLC d/b/a Folium Biosciences (“Whole Hemp”) on June 1, 2016, naming Notis Global, Inc. and EWSD I, LLC (collectively, “Notis”), as defendants in Pueblo County, CO district court.  The complaint alleges five causes of action against Notis:  misappropriation of trade secrets, civil theft, intentional interference with prospective business advantage, civil conspiracy, and breach of contract.  All claims concern contracts between Whole Hemp and Notis for the Farming Agreement and the Distributor Agreement. 
 
The court entered an ex parte temporary restraining order on June 2, 2016, and a modified temporary restraining order on July 14, 2016, enjoining Notis from disclosing, using, copying, conveying, transferring, or transmitting Whole Hemp’s trade secrets, including Whole Hemp’s plants.  On June 13, 2016, the court ordered that all claims be submitted to arbitration, except for the disposition of the temporary restraining order. 
 
On August 12, 2016, the court ordered that all of Whole Hemp’s plants in Notis’ possession be destroyed, which occurred by August 24, 2016,, at which time the temporary restraining order was dissolved and the parties will soon file a motion to dismiss the district court action.    
 
Notis commenced arbitration in Denver, CO on August 2, 2016, seeking injunctive relief and alleging breaches of the contracts between the parties.  Whole Hemp filed is Answer and counterclaims on September 6, 2016, asserting similar allegations that were asserted to the court. 
 
On September 30, 2016, the arbitrator held an initial status conference and agreed to allow EWSD and Notis to file a motion to dismiss some or all of Whole Hemp’s claims by no later than October 28, 2016. The parties were also ordered to make initial disclosures of relevant documents and persons with knowledge of relevant information by October 21, 2016

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=11644118-949-333394&type=sect&TabIndex=2&companyid=881545&ppu=%252fdefault.aspx%253fcik%253d1547996