Medical Marijuana Inc (MJNA)

[Ecostate]

https://cases.justia.com/new-york/other-courts/2014-2014-ny-slip-op-33137-u.pdf?ts=1418251335 It is alleged that between March 2012 and December 2012, plaintiffs “subsidized” defendants in an amount over $150,000.00, and introduced defendants to certain politicians and business persons for the purpose of building good will for defendant KannaLife. In the meantime, defendant Dean Petkanas allegedly ignored plaintiffs’ requests to memorialize their interests in defendant KannaLife in writing, and in November 2012, wrongfully removed all assets, equipment and operations of KannaLife from its headquarters and ceased all communications with plaintiffs. Plaintiffs allege that subsequently, defendant Dean Petkanas either sold KannaLife or licensed its patents or methods, to a third party, Medical Marijuana Inc. (MJNS), or received investment
funding for KannaLife from MJNS, without their knowledge or consent. Plaintiffs claim defendants have refused to acknowledge their respective ownership of shares in
defendant KannaLife or return their funds upon due demand, and as a consequence, they have suffered economic injury. Plaintiffs seek a judgment directing specific performance, restitution and an accounting, enjoining defendants from removing or destroying any property of KannaLife and using any money or assets of KannaLife for personal reasons, declaring that plaintiffs Evan Petkanas and George Kalergios each own 17% of KannaLife’s total shares of stock, and awarding compensatory and punitive damages, and attorneys’ fees.