Paskenta Tribe ordered to pay attorneys’ fees of $1,049,559.16 to Cornerstone Community Bank
The Paskenta Band of Nomlaki Indians sued Cornerstone Community Bank, and its CEO Jeffrey Finck, among others, in connection with the alleged embezzlement of millions of dollars by executives of the Tribe. The Tribe sued the Cornerstone defendants for negligence, breach of contract, and aiding and abetting the alleged embezzlements, even though the alleged embezzlers were authorized signers on the Tribe’s bank accounts at Cornerstone.
After the Court granted summary judgment in January dismissing all claims against Cornerstone, Cornerstone filed a motion to recover its attorneys’ fees...
CannaBiz, Legally Conference
Thank you to all who made CannaBiz, Legally a success!
To download conference materials, or to learn more about our practice, please visit our Cannabis Law page.
Looking For a Cannabiz Safe Harbor
By: Casey Edmondson
Cannabis businesspeople have hoped, worked, and lobbied for a “safe harbor” for their industry. These tireless efforts have produced results, but the “safe harbor” which currently exists is, to extend the metaphor, filled with shallow water, difficult to enter, and has plenty of reefs.
Federal law is the supreme law of the land, and where it conflicts with state law, federal law controls. But if Congress refuses to budget money to the executive branch so that it can enforce a law, that law exists in a twilight state—it is unenforceable as a practical matter, but still “supreme.”