In a statement, Jonathan Cyrluk, the attorney for Bronstein and Cosby, told Front Office Sports, that “the complaint is fiction dressed up as a lawsuit.”
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Boxing legend and cannabis industry CEO Mike Tyson is suing several former executives and a shareholder of Carma HoldCo, the parent company behind his Tyson 2.0 cannabis brand, Front Office Sports reports. The lawsuit accuses the company of fraud through kickback schemes, and unauthorized bonuses and personal spending.
The lawsuit, which is seeking $50 million, alleges the fraudulent schemes have cost Tyson and other plaintiffs “tens of millions of dollars,” the report says.
The other plaintiffs in the lawsuit include professional wrestler Ric Flair, whose Carma brands include Ric Flair Drip and Wooooo! Energy, LGNDS, a company that has collaborated with the Tyson 2.0 brand, and Carma itself.
The lawsuit names former Carma President and Chairman Chad Bronstein, former CEO Adam Wilks, and former Chief Legal and Licensing Officer Nicole Cosby, along with shareholder James Case.
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Mike Tyson Sues Former Executives of Cannabis Brand Parent Company for $50M
