Law360 (August 2, 2021, 7:51 PM EDT) — A cannabis banking firm accused by a former client of withholding funds and failing to make certain payments on its behalf has asked a California federal judge to dismiss most of a lawsuit against it, arguing its former client had failed to prove either fraud or plausible injuries.
The defendant, Pacific Banking Corp., on Friday asked the court to dismiss five of the seven counts leveled against it by CCSAC Inc.
In July, CCSAC, a California cannabis company, filed an amended complaint against Pacific Banking, alleging that the company failed to make $1 million in California tax payments on CCSAC’s behalf…
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