American Harvest Inc. co-founder Ali Ebrahim got partial approval for his bid to dismiss allegations he defrauded investors in a private stock offering, a federal judge’s opinion says.
Poetic License Capital Inc. sued Ebrahim in September 2022 for allegedly defrauding them of $750,000 intended to invest in the company, but the plaintiff didn’t adequately show how certain statements were false, according to the opinion filed Tuesday in US District Court for the District of Montana.
Judge Kathleen DeSoto dismissed part of the amended complaint, ruling that the plaintiff failed to show why certain statements were false or how funds were …
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