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.
Apply to speak at MJBizCon 2023
Think you’ve got a great story, insights, or best practices to share about your cannabis business? We want to hear from you!
The MJBizCon team is now accepting speaker applications for the 2023 event in Las Vegas.
We are looking for engaging industry leaders from all sectors of the cannabis industry, whether you run a multi-state operation or a mom-and-pop business.
Apply to speak at MJBizCon today – The speaker application portal closes May 5!
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.
