Mike Adams was quoted in the Charlotte Business Journal on a court ruling that exonerated Parker Poe clients Mike and Jennifer Smith.
“We are grateful that the court recognized what we have said all along: that the Smiths were swept up in opportunistic litigation that had nothing to do with them or the great business Mike Smith built,” Mike Adams said.
Mike Smith was the founder, former CEO, and majority owner of Carolina Beer and Beverage (CBB) in Mooresville, now known as Carolina Beverage Group. Plaintiffs filed four lawsuits against the Smiths in 2019 and 2020 claiming the Smiths misled them, causing the plaintiffs to sell their shares in CBB. The buyer was Charlotte businessman Richard Siskey who took his life in 2016 after the FBI investigated him for multiple Ponzi schemes unrelated to these cases. Many of the plaintiffs had been long-time clients of Siskey.
Subscribers can read the full article here: Judge dismisses all fraud, conspiracy charges in Carolina Beverage Group case.
The Charlotte Business Journal is the leading business publication serving the greater Charlotte region.
You can also learn more about the business court's ruling here.