litigation
confidence high
sentiment negative
materiality 0.55
Blum subsidiary Unrivaled sues Steimann, Troup, Troup Construction for theft of signage
BLUM HOLDINGS, INC.
- Unrivaled Brands filed civil suit alleging theft of Blüm Santa Ana signage on Jan 18, 2024; police report for grand theft ($950+) filed Jan 31.
- Defendants: Bernard Steimann, Daniel Troup, Troup Construction; claims include civil theft, conversion, declaratory relief.
- Rebranding from 'People's' to 'Blüm' cited as motive; Steimann allegedly upset over brand change.
- Blüm Santa Ana obtained a TRO on Feb 28 against New Patriot Holdings to stop interference with parking; New Patriot is an affiliate of People's California.