Delaware judge harshes PE firms’ mellow…

Investors say they got the stems, private equity founders made off with the green

By all accounts, the lads at Privateer Holdings scored big-time when they spun off the U.S.’s first publicly traded marijuana company. But a Delaware judge says they bogarted the profits, and now they’ll have to answer to investors angry over getting the stems but not the green.

Our story name-checks Tilray, cannabis, Brendan Kennedy, downstream mergers, Michael Blue, Christian Goh, Andersen Accounting & Tax Services LLC and #finreg. Register and read the story, only at Regulatory Compliance Watch:

https://www.regcompliancewatch.com/delaware-judge-harshes-pe-advisers-mellow/

(Photo courtesy Daniel Oberhaus, via WikiMedia Commons.)

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Bill Myers
Bill Myers
Bill Myers is a journalist, teacher, researcher, and investigator. Raised in a small town in Illinois, he has spent most of his life in newsrooms in Chicago, Cambodia and Washington, DC.

Content Copyright © Bill Myers

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