Founders of the Tucson-based Gadsden Company are facing lawsuits from investors after an arbitrator found them guilty of fraud and misconduct. The lawsuits were initiated following a ruling where the arbitrator accused Gadsden’s owners, Adam Weinstein and Gerald Dixon, of failing to contribute agreed assets while maintaining control over their projects. The company denies all allegations of fraud, with their attorney arguing the arbitration's ruling was flawed. The ongoing legal disputes pertain to Gadsden's projects in Tucson, including the Mercado District, and involve two investor funds managed by Allen Sands.
The Gadsden Company founders are being sued for fraud after an arbitrator ruled they acted in bad faith and misappropriated investor funds.
Gadsden denies wrongdoing, with their attorney claiming the arbitration ruling was flawed and asserting that no fraud occurred.
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