British Investor Sues CBD Co., Lawyers Over $1M Loan

Law360 (September 14, 2020, 3:40 PM EDT) -- British investor Henley Finance Ltd. has launched a suit alleging a CBD supplier made false statements to secure a nearly $1 million loan that it's refusing to repay after California firm Goyette & Associates Inc. transferred the funds from an escrow account without the proper authorization.

Henley said in a complaint filed in California federal court Friday that Bioscience Enterprises Inc. induced Henley to loan it $999,995 after making various misrepresentations, including that Bioscience was a leading contract manufacturer and supplier of CBD, that it had been developing its niche for more than three years and that it had current contracts...

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