MedMen Must Pay Ex-CFO At Least $500K In Legal Fees

1 min readPublished On: January 26th, 2021By

LOS ANGELES – A California state court ordered cannabis retailer, MedMen, to pay its former CFO $500,000 reimbursement of legal fees amid his retaliatory firing suit, noting his contract covered attorney fees in any eventuality.

Reports in Law360 say a California state court has ordered cannabis company MedMen to pay its former chief financial officer at least $500,000 in legal fees amid his retaliatory firing suit, finding his contract covered fees in future disputes with MedMen– regardless of their outcome.

A California judge has ruled that MedMen Enterprises must abide by an employment contract and pay the legal fees of a former chief financial officer who sued the cannabis retail chain.

The judge ruled that the employment contract is “clear and unambiguous” in requiring Los Angeles-based MedMen to reimburse former CFO James Parker for up to $500,000 a year in legal fees, Law360 reported.

But the court did hold out the possibility that MedMen could later successfully argue that the employment contract isn’t valid Parker sued MedMen in January 2019, alleging breach of contract, wrongful termination and other misconduct such as campaign finance violations in Nevada.  His multimillion-dollar lawsuit also portrayed a hostile work environment.

MedMen had previously called the lawsuit baseless and were unable to comment on this article.

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Newsteam at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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