People's First Choice, LLC (“Blüm Santa Ana”) Granted Temporary Restraining Order Against New Patriot Holdings, Inc. [Yahoo! Finance]
Medalist Diversified REIT, Inc. (MDRR)
Company Research
Source: Yahoo! Finance
company with operations throughout California, announced today the grant of a Temporary Restraining Order against New Patriot Holdings, Inc. (“New Patriot”), an entity controlled in part by Jay Yadon. Mr. Yadon is also a principal of People's California, LLC, an entity involved in separate litigation with Unrivaled Brands, Inc., a wholly-owned subsidiary of Blüm. Bernard Steimann is the Managing Member of People's California. The matter involved parking spaces used by Blüm Santa Ana. Blüm Santa Ana's request for a Temporary Restraining Order argued that if New Patriot were allowed to terminate a parking agreement between the parties that Blüm Santa Ana's business would be irreparably harmed and that Blüm Santa Ana was likely to prevail on its claim that New Patriot had breached the agreement by attempting to terminate Blüm Santa Ana's right to access the parking. The court found in Blüm Santa Ana's favor that pending a hearing on a request for preliminary injunctive relief through J
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