Law360 (April 29, 2021, 10:23 PM EDT) — India Globalization Capital took ownership of a brokerage company owned by Apogee Financial Investments in an effort to break into the cannabis industry, but it didn’t live up to its financial promises, leading to the downfall of the brokerage, according to Apogee’s New York federal lawsuit filed Thursday seeking $12 million.
Apogee said that in 2014, Ramachandra Makunda was struggling to raise capital for Maryland-based IGC and was at risk of losing the company’s registration with the New York Stock Exchange. It was at that point that Makunda sought the services of Midtown Partners & Co. LLC, a broker-dealer owned by…
Recent Comments