PACIFIC GREEN, LLC, et al. v. PAUL FIORE, et al.

Case No:

Hearing Date: May 19, 2026 Calendar Number: 1 Defendants Alex Reyter and Tudor Capital LLC move for leave to file an amended answer. David E. Azar, Counsel for Defendants Hills Group LLC, Jay Rifkin, Rebel Holdings LLC, Paul Fiore, and One Eleven Advisors LLC moves to be relieved as counsel.

Defendants’ motion for leave to amend is GRANTED. Defendants are ordered to file the proposed amended complaint attached as Exhibit B to the motion within 10 days of this order. Counsel for Defendants’ motion is DENIED without prejudice.

Background

Plaintiffs Pacific Green, LLC and Big Tree Holdings, LLC filed this action on December 20, 2021. On June 24, 2024, Plaintiffs filed the fifth amended complaint (“FAC”), against Paul Fiore, Jay Rifkin, Alex Reyter, One Eleven Advisors, LLC, Rebel Holdings, LLC, Tudor Capital, LLC, and Hills Group, LLC.

The FAC alleging causes of action for (1) fraud and deceit; (2) negligent misrepresentations; (3) fraudulent inducement; (4) breach of contract (against Hills Group); (5) negligence as a derivative claim (against Hills Group); (6) conversion (against Fiore, Rifkin, Reyter, and Hills Group); and (7) aiding and abetting torts.

Plaintiffs allege that Defendants Fiore, Rifkin, and Reyter began work on an enterprise to raise money ostensibly to start a business featuring CBD (cannabidiol’ a derivative of the cannabis plant which was not prohibited under federal law). Plaintiffs allege Defendants did not have the experience, connections or other resources to succeed in the cannabis or CBD industries, and they represented themselves falsely as being highly experienced and well connected in the CBD industry, well financed, and competent and capable to grow a business in order to exploit the confidence of potential investors and financial backers to raise money. Plaintiffs allege that as a direct result of Defendants’ fraudulent scheme, Plaintiffs delivered at least $4.7 million to Defendants.

On March 6, 2026, Defendants Alex Reyter and Tudor Capital LLC filed this motion for leave to amend. No opposition has been filed. On March 26, 2026, Defendants Hills Group LLC, Jay Rifkin, Rebel Holdings LLC, Paul Fiore, One Eleven Advisors LLC?s counsel David E. Azar filed a motion to be relieved as counsel. No opposition has been filed.

Legal Standard

California Code of Civil Procedure section¿473, subdivision¿(a)(1) provides, in relevant part: “The court may, in furtherance of justice, and on any terms as may be proper, allow a party¿to amend any pleading or proceeding by adding or striking out the name of any party, or by correcting a mistake in the name of a party, or a mistake in any other respect; and may, upon like terms, enlarge the time for answer or demurrer.¿ The court may likewise, in its discretion, after notice to the adverse party, allow, upon any terms as may be just, an amendment to any pleading or proceeding in other particulars; and may upon like terms allow an answer to be made after the time limited by this code.”¿