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Former CFO sues cannabis firm MedMen

The former chief financial officer of MedMen Enterprises filed suit against the California-based company this week, alleging top executives forced him to “choose between complying with his fiduciary duty to the company and its shareholders or turning a blind eye and a deaf ear to improper and unlawful behavior.”

James Parker, who resigned as CFO in November, claims in the lawsuit he was forced out by CEO Adam Bierman and President Andrew Modlin.

The lawsuit – filed in Superior Court of California in Los Angeles County on Jan. 29 – requests unspecified damages for breach of contract, wrongful termination and breach of implied covenant of good faith and fair dealing.

MedMen senior vice president of communications Daniel Yi downplayed Parker’s significance with the company and promised it will fight back.The lawsuit also describes a work environment pervaded by “racial, homophobic and misogynistic epithets and slurs, drug and alcohol abuse, personal humiliation … (and) profligate spending by both the CEO and president.”

“James Parker worked at MedMen for less than a year and half, quit and is now demanding more than $22 million from the company while making wild allegations that have no basis in fact,” Yi wrote in an email to Marijuana Business Daily. 

To Read The Rest Of This Article By John Schroyer on Marijuana Business Daily

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Published: January 31, 2019

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