Announcing our new Pasadena Office at 251 S. Lake Ave., Suite 800 Pasadena, CA 91101
Founding Partner Michael V. Mancini Quoted in The New Republic
Founding Partner was quoted in the April issue of The New Republic, where he commented on predatory investment practices in the cannabis industry in Los Angeles.
Founding Partner Michael V. Mancini was quoted in the April issue of The New Republic, in a long-form article by journalist Amanda Chicago Lewis. Mike commented on predatory investment practices in the cannabis industry in Los Angeles:
“Los Angeles attorney Mike Mancini is trying to help several equity applicants get out of their contracts, which he describes as “some of the most predatory investment deals I’ve ever seen.” He explained that some investors are violating the social equity requirements in the Los Angeles Municipal Code, but once a contract is signed, the burden is on the equity applicants to find the money necessary to buy their investors out or take them to court: “These investors are not stupid. They know the social equity applicants are the perfect group to take advantage of because they can’t afford to do anything about it.”
To read the full article, which is excellent, please click here.
We have accumulated substantial experience and success in social equity disputes, and Mike’s comments result from his direct experience.
Please contact us if you need litigation expertise for your business.