1 total
Default judgment granted against corporate defendant for over $12 million in civil fraud and misappropriation case.
The plaintiffs brought a motion for default judgment against the defendants, alleging a prolonged fraud involving approximately $27 million intended for cannabis production facilities in Uruguay.
The corporate defendant, A.D. Group, failed to defend the action.
The court found that the deemed admissions established civil fraud, breach of fiduciary duty, conversion, and unjust enrichment.
Default judgment was granted against A.D. Group for US $11,812,487 and CAD $500,000, and a Mareva injunction was extended.
