Ganjapreneur report
Brothers Ross and Zach Lipson, the co-founders of cannabis e-commerce company Dutchie, claim in a lawsuit that they were wrongfully forced out of the company earlier this month.
Here’s the introduction to the piece
The co-founders of Bend, Oregon-based cannabis tech company Dutchie — who the company said stepped down earlier this month — have filed a lawsuit in Delaware’s Chancery Court claiming they were wrongfully forced out of the company, Law360 reports.
The suit targets Dutchie’s current Executive Chairman Timothy Barash and the following four board directors: Karan Wadhera, Wilder Ramsey, Gaurav Ahuja, and Thomas Linovitz. The plaintiffs, brothers Ross and Zachary Lipson, claim they were victims of a “blatant ambush” during a November 28 board meeting where the board passed pre-drafted resolutions terminating them both “for cause.” The suit also describes a vote to remove the co-founders from the board, strip them of their key stakeholder status, and amend the company’s voting agreement language to enable Barash to become CEO.
The Lipsons are asking the court to declare that their removal and the board’s actions on November 28 were invalid, that Ross Lipson is still a director and the company’s CEO, and that Zachary Lison is still a director and the company’s chief product officer.
