JD Vance's firm invested in food company now facing lawsuits

  • 📰 WEWS
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 59%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

A high-tech indoor farming company in Appalachia promoted by JD Vance and financed in part by his venture capital firm is facing five lawsuits alleging it misled regulators and duped investors.

The shareholder suits against Morehead, Kentucky-based AppHarvest were filed between November 2021 and August 2022 by individual investors and a county retirement association. They allege the agricultural startup, where Vance also briefly sat on the board, repeatedly overstated its hiring and retention figures, including in U.S. Securities and Exchange Commission filings that investors use to evaluate companies.

Vance’s campaign said his Cincinnati-based firm, Narya Capital, is itself an investor in AppHarvest and would suffer if the lawsuits' allegations were true. Spokesperson Taylor Van Kirk also emphasized that the actions were all filed after Vance left the board. The company grows tomatoes and other fruits and vegetables by sustainable agriculture methods on some of the world’s largest high-tech indoor farms, its website says. It has described its mission in SEC filings as empowering Appalachians, driving positive environmental change in the agriculture industry and improving the lives of its employees and the community.

“What we saw as an opportunity here is if you could use technology, bring the point of production a little bit closer to the end consumer, you could actually pay people a decent wage, you could build a company that investors and consumers would be proud of, but you just have better produce,” he said.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

Vote republican...

Stop trying to once again persuade an election

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 323. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

JD Vance's firm invested in food company now facing lawsuitsA high-tech indoor farming company in Appalachia promoted by JD Vance and financed in part by his venture capital firm is facing five lawsuits alleging it misled regulators and duped investors. Stop trying to once again persuade an election Vote republican...
แหล่ง: WEWS - 🏆 323. / 59 อ่านเพิ่มเติม »