A very big congratulations to a longtime Oregon cannabis client, and to our trial team, which just won a decisive, hard-fought victory in a nine-day jury trial in Portland, Oregon. Harris Bricken attorney Jesse Mondry led a stellar trial team comprised also of attorney Tom Oster, litigation paralegals Kathleen Biddle and Staci Black, and summer associate Janve Sobers.
This complex case concerned the failed merger of 26 California and Oregon cannabis companies. Harris Bricken’s client is a well-known enterprise that operates a chain of dispensaries and a grow operation in locations from the Oregon coast to Portland metro to Central Oregon.
In 2019, our client signed an ill-fated merger agreement with numerous California companies. This was an effort to create a multi-state operation. The deal quickly fell apart and the signatories went their separate ways. But one person, who was to receive shares in the merged entity, threatened to sue our client and others for the purported value of his shares in the merged entity. He claimed the shares were worth $7.4 million and he sought another $1.3 million in alleged compensation from our client for an alleged agreement that he would be the new company’s Chief Revenue Officer.