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American Patriot Brands, Inc.
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Full registry record
CLASS ACTION JX-SEC-LR-26587Opened AUG 21 2026Quick look

American Patriot Brands, Inc.; Urban Pharms, LLC; TSL Distribution, LLC; DJ&S Property #1, LLC; Robert Y. Lee; Brian L. Pallas

Where this class action stands
Stage 5 of 7 · Filed
organizing · next rung: Resolved
§ Right of reply

No reply on file from American Patriot Brands, Inc. on this matter.

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AUG 21 '26EventAmerican Patriot Brands, Inc.; Urban Pharms, LLC; TSL Distribution, LLC; DJ&S Property #1, LLC; Robert Y. Lee; Brian L. Pallas
Docket event

Opened at stage filed

Entered on the record AUG 21 2026Occurred AUG 21 2026
On the record
Crime

No crime on the record yet.

Statutes

No statutes on the record yet.

Place
California

"District Court for the Central District of California entered a final judgment as to American Patriot Brands, Inc. (APB), a cannabis company, APB’s CEO Robert Y."

Status
Case 2:23-cv-05379

"American Patriot Brands, Inc., et al. , No. 2:23-cv-05379 (C.D."

Parties

No parties on the record yet.

Amounts
$1,025,670 Penalty

"The final judgment permanently enjoins APB, Urban Pharms, TSL, DJ&S, Lee, and Pallas from further violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; permanently enjoins Lee and Pallas from participating in the issuance, purchase, offer, or sale of securities, except for purchases or sales for their personal accounts; prohibits Lee and Pallas from acting as an officer or director of a public company; orders APB, Urban Pharms, TSL, and DJ&S jointly and severally to pay disgorgement of $17,786,703, together with prejudgment interest thereon in the amount of $6,202,777; orders APB and Urban Pharms each to pay a civil penalty of $4,729,004; orders TSL to pay a civil penalty of $2,364,502; orders DJ&S to pay a civil penalty of $1,182,251; orders Lee to pay a total of $6,399,792, consisting of disgorgement of $2,687,061, prejudgment interest thereon in the amount of $1,025,670, and a civil penalty of $2,687,061; and orders Pallas to pay a civil penalty of $472,902."

$1,182,251 Penalty

"The final judgment permanently enjoins APB, Urban Pharms, TSL, DJ&S, Lee, and Pallas from further violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; permanently enjoins Lee and Pallas from participating in the issuance, purchase, offer, or sale of securities, except for purchases or sales for their personal accounts; prohibits Lee and Pallas from acting as an officer or director of a public company; orders APB, Urban Pharms, TSL, and DJ&S jointly and severally to pay disgorgement of $17,786,703, together with prejudgment interest thereon in the amount of $6,202,777; orders APB and Urban Pharms each to pay a civil penalty of $4,729,004; orders TSL to pay a civil penalty of $2,364,502; orders DJ&S to pay a civil penalty of $1,182,251; orders Lee to pay a total of $6,399,792, consisting of disgorgement of $2,687,061, prejudgment interest thereon in the amount of $1,025,670, and a civil penalty of $2,687,061; and orders Pallas to pay a civil penalty of $472,902."

$6,202,777 Penalty

"The final judgment permanently enjoins APB, Urban Pharms, TSL, DJ&S, Lee, and Pallas from further violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; permanently enjoins Lee and Pallas from participating in the issuance, purchase, offer, or sale of securities, except for purchases or sales for their personal accounts; prohibits Lee and Pallas from acting as an officer or director of a public company; orders APB, Urban Pharms, TSL, and DJ&S jointly and severally to pay disgorgement of $17,786,703, together with prejudgment interest thereon in the amount of $6,202,777; orders APB and Urban Pharms each to pay a civil penalty of $4,729,004; orders TSL to pay a civil penalty of $2,364,502; orders DJ&S to pay a civil penalty of $1,182,251; orders Lee to pay a total of $6,399,792, consisting of disgorgement of $2,687,061, prejudgment interest thereon in the amount of $1,025,670, and a civil penalty of $2,687,061; and orders Pallas to pay a civil penalty of $472,902."

$6,399,792 Penalty

"The final judgment permanently enjoins APB, Urban Pharms, TSL, DJ&S, Lee, and Pallas from further violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; permanently enjoins Lee and Pallas from participating in the issuance, purchase, offer, or sale of securities, except for purchases or sales for their personal accounts; prohibits Lee and Pallas from acting as an officer or director of a public company; orders APB, Urban Pharms, TSL, and DJ&S jointly and severally to pay disgorgement of $17,786,703, together with prejudgment interest thereon in the amount of $6,202,777; orders APB and Urban Pharms each to pay a civil penalty of $4,729,004; orders TSL to pay a civil penalty of $2,364,502; orders DJ&S to pay a civil penalty of $1,182,251; orders Lee to pay a total of $6,399,792, consisting of disgorgement of $2,687,061, prejudgment interest thereon in the amount of $1,025,670, and a civil penalty of $2,687,061; and orders Pallas to pay a civil penalty of $472,902."

$4,729,004 Penalty

"The final judgment permanently enjoins APB, Urban Pharms, TSL, DJ&S, Lee, and Pallas from further violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; permanently enjoins Lee and Pallas from participating in the issuance, purchase, offer, or sale of securities, except for purchases or sales for their personal accounts; prohibits Lee and Pallas from acting as an officer or director of a public company; orders APB, Urban Pharms, TSL, and DJ&S jointly and severally to pay disgorgement of $17,786,703, together with prejudgment interest thereon in the amount of $6,202,777; orders APB and Urban Pharms each to pay a civil penalty of $4,729,004; orders TSL to pay a civil penalty of $2,364,502; orders DJ&S to pay a civil penalty of $1,182,251; orders Lee to pay a total of $6,399,792, consisting of disgorgement of $2,687,061, prejudgment interest thereon in the amount of $1,025,670, and a civil penalty of $2,687,061; and orders Pallas to pay a civil penalty of $472,902."

$2,364,502 Penalty

"The final judgment permanently enjoins APB, Urban Pharms, TSL, DJ&S, Lee, and Pallas from further violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; permanently enjoins Lee and Pallas from participating in the issuance, purchase, offer, or sale of securities, except for purchases or sales for their personal accounts; prohibits Lee and Pallas from acting as an officer or director of a public company; orders APB, Urban Pharms, TSL, and DJ&S jointly and severally to pay disgorgement of $17,786,703, together with prejudgment interest thereon in the amount of $6,202,777; orders APB and Urban Pharms each to pay a civil penalty of $4,729,004; orders TSL to pay a civil penalty of $2,364,502; orders DJ&S to pay a civil penalty of $1,182,251; orders Lee to pay a total of $6,399,792, consisting of disgorgement of $2,687,061, prejudgment interest thereon in the amount of $1,025,670, and a civil penalty of $2,687,061; and orders Pallas to pay a civil penalty of $472,902."