Lawyers at Venable on Sunday removed a shareholder lawsuit against the founders of Coastal Holding Company, an operator of cannabis dispensaries, to California Central District Court. The complaint, filed by the Law Office of Nigel Burns on behalf of investor LMAJ, accuses the defendants of negotiating to sell the company without required approval from Series B equity holders. The case is 8:21-cv-01533, Lmaj, LLC v. Michalowski et al.

This suit was surfaced by Radar, a source for high-speed legal news and litigation updates personalized to your practice. Radar publishes daily updates on just-filed federal cases like this one. Click here to get started and be first to know about new suits in your region, practice area or client sector.