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Ex-CBD Co. CEO Can't Get SEC Investor Fraud Suit Tossed

Law 360

A Colorado federal judge on Friday denied a bid by former NewAge Inc. Securities and Exchange Commission alleging he misled investors by talking up the CBD company's prospects, saying the SEC plausibly alleges that Willis knew he was spreading false information when he made the statements in question.

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NewAge Ch. 11 Trustee Sues Directors, Officers In Del.

Law 360

A liquidating trustee for bankrupt network marketing venture NewAge Inc. Bankruptcy Court for Delaware, naming 20 individuals and six companies tied to "financial devastation" wrought on the one-time global business prior to its retreat into Chapter 11 in August 2022. has filed a 111-page adversary complaint in the U.S.

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Health Co. Ex-CEO Touted Bogus CBD Drink Line, SEC Says

Law 360

Securities and Exchange Commission has filed a lawsuit against a former CEO of health and wellness company NewAge Inc., accusing him of fabricating statements to investors about major deals his company was making, including selling CBD-infused drinks.

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