MedMen, executives face $20 million suit for allegedly breaching duties Spokesman says suit is, “frivolous.”
MedMen, executives face $20 million suit for allegedly breaching duties Spokesman says suit is, “frivolous.”
The suit, filed Jan. 8 in California Superior Court in Los Angeles County, in part alleges that MedMen CEO Adam Bierman and President Andrew Modlin paid themselves millions of dollars through unlawful, “brazen self-dealing.”
“Beneath the MedMen veneer is a complex web of interconnected subsidiary entities, virtually all of which are directly managed, directed, controlled and owned by Bierman and Modlin, and all of which always pursue the best interests of Bierman and Modlin, rather than the best interests of any stakeholder or entity,” the suit charges.
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Marijuana firm MedMen, top execs face $20 million suit for allegedly breaching duties, enriching selves
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