Overview
- In a 76-page, 21-count filing in U.S. District Court in Illinois, Mike Tyson, Ric Flair, Carma HoldCo Inc., and LGNDS accuse four former insiders of a broad racketeering scheme tied to their cannabis brands.
- The suit names ex-president Chad Bronstein, former CEO Adam Wilks, former chief legal and licensing officer Nicole Cosby, and shareholder James Case.
- Plaintiffs allege more than $1 million in unauthorized personal spending, an unreported DomPen kickback to Wilks, unauthorized sales of licensing rights, and a $15,000 watch purchased for Rams coach Sean McVay using company funds.
- Attorneys for the defendants reject the claims as baseless and say their clients will contest the case in court.
- The plaintiffs seek a jury trial and more than $50 million in damages, while a related July lawsuit over a beer brand concept remains pending.