Former MedMen Holdings executive James Parker must repay the company about $612,000 that the business was previously ordered to shell out for attorney’s fees, a judge ruled.
The legal fees were accumulated during a multiyear legal battle in which the California-based multistate operator ultimately prevailed.
According to Law360, Parker – a former chief financial officer at MedMen – was ordered this week to reimburse the company for what it paid for attorney’s costs during a breach-of-contract lawsuit between 2019 and November 2021.
A jury sided with MedMen in the case.
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The order was issued by Los Angeles County Superior Court Judge Mark Young, who ruled in mid-2020 that MedMen was obligated to cover at least $500,000 a year in legal fees for Parker because of a stipulation in his original employment contract.
The new ruling came after MedMen filed a court motion in February requesting the repayment after the lawsuit’s resolution in November.