September 29, 2026
A Florida federal judge Tuesday declined to dismiss a bank shareholder lawsuit alleging board members attempted to entrench themselves following a cannabis-related enforcement action, saying there's sufficient evidence alleging directors acted selfishly to prevent their removal.
May 18, 2026
A Florida bank must hold off on selling its assets and postpone its annual shareholder meeting, a federal judge ruled, saying the bank's biggest shareholder presented credible evidence suggesting that the directors rigged corporate bylaws to keep themselves in charge following a federal crackdown on the bank's cannabis-related business.
November 03, 2025
An investor in Florida-based First National Bank of Pasco hit the bank with a lawsuit alleging that its inability to manage lending to cannabis industry operators has made it prone to regulatory scrutiny and financial harm, including a recent investigation by the Office of the Comptroller of the Currency.