A former executive of a cannabis company disputing $1.2 million in taxes from exercised stock options after he was characterized as an independent contractor has reached a settlement with the company, the parties announced to a New York federal court.
Aaron Hoffnung was a former director of Goodness Growth Holdings Inc., a company that grows, processes, and distributes cannabis in eight states. Hoffnung was granted stock options in the company after it went public, and exercised his stock options in late 2020. As an employee, Hoffnung was eligible for incentive stock options (ISOs), which are more tax-favorable than non-statutory stock …
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Hoffnung v. Goodness Growth Holdings, Inc. et al
| New York Southern District Court | |
| Judge: | Paul G Gardephe |
| Case #: | 1:22-cv-02210 |
| Nature of Suit | 190 Contract – Other Contract |
| Cause | 28:1332jd Diversity-Declaratory Judgement |
https://www.pacermonitor.com/public/case/43907396/Hoffnung_v_Goodness_Growth_Holdings,_Inc_et_al
