GBB Drink Lab. Inc Announce That A Federal Court Has Refused To Dismiss The Company's Ongoing Lawsuit Against FSD Pharma
Portfolio Pulse from Benzinga Newsdesk
GBB Drink Lab. Inc's lawsuit against FSD Pharma (NASDAQ:HUGE) for violating a Non-Disclosure Agreement and attempting to launch GBB's product without permission will proceed, as a federal court has refused to dismiss the case. The court recognized the economic value of GBB's trade secrets and the impact of FSD Pharma's actions on potential investors.
January 11, 2024 | 6:17 pm
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FSD Pharma faces ongoing legal challenges as the federal court refuses to dismiss GBB Drink Lab. Inc's lawsuit for NDA breach and potential theft of proprietary information.
The refusal to dismiss the lawsuit suggests that GBB Drink Lab. Inc has a strong legal position, which could lead to negative consequences for FSD Pharma, including potential damages or injunctions that may affect its operations and investor confidence. This uncertainty is likely to have a negative impact on FSD Pharma's stock price in the short term.
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