Emerging Snack Brand Takes Action Against Faulty Investor

The day after emerging snack brand Brass Roots appeared on Shark Tank, its founders received an offer from an investor seeking a stake in the company. After signing an investment agreement, the investor ghosted Brass Roots, leaving the company in a precarious financial position.  

Nick Wasdin represents A&C Snacks, Incorporated (A&C) in a breach of contract lawsuit against an investor who failed to uphold an investment agreement, resulting in significant losses and damages to the company.  

The complaint, filed in the United States District Court for the Southern District of Indiana, claims that the investment agreement was prompted by the defendant after A&C’s brand, Brass Roots, was featured on the popular reality show Shark Tank. Brass Roots sells Sacha Inchi seeds, often referred to as “Incan Peanuts”, a product with higher nutritional benefits than the average tree nut, and a more allergen-friendly alternative to some varieties of traditional tree nuts.  

According to the complaint, the defendant contacted A&C’s founder one day after the company’s appearance on Shark Tank, stating that he wanted to invest in the company.  

The lawsuit outlines the terms of the investment agreement, which required the defendant to make four separate investment commitments starting in June 2023. The suit goes on to detail the defendant’s subsequent failure to make those four investment commitments, which A&C depended on for its ongoing operations and sustainability.  

“The defendant sought out my client for an investment opportunity, and in response, my client professionally negotiated and executed an investment agreement that would benefit both parties,” said Wasdin, the attorney representing A&C. “However, the defendant failed to show my client the same level of respect, becoming unreachable, evading his investment commitments, and ultimately putting my client in an unstable financial position after years spent building the brand from the ground up.” 

The lawsuit seeks to recover monetary compensation for all losses incurred due to the breach of the investment agreement and hold the defendant accountable for breaching the contract.