{"id":44241,"date":"2022-05-23T23:01:16","date_gmt":"2022-05-23T21:01:16","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/medmen-prevails-in-lawsuit-against-arizona-based-whitestar-solutions\/"},"modified":"2022-05-23T23:01:16","modified_gmt":"2022-05-23T21:01:16","slug":"medmen-prevails-in-lawsuit-against-arizona-based-whitestar-solutions","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/medmen-prevails-in-lawsuit-against-arizona-based-whitestar-solutions\/","title":{"rendered":"MedMen Prevails in Lawsuit Against Arizona-Based Whitestar Solutions"},"content":{"rendered":"<div>\n<p class=\"bwalignc\">\n<i>Judge rules in MedMen\u2019s favor on all counts, opens the door for MedMen to recover attorneys\u2019 fees<\/i>\n<\/p>\n<p class=\"bwalignc\">\n<i>Separately, the Company announces departure of its chief strategy officer<\/i>\n<\/p>\n<p>LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;MedMen Enterprises Inc. (\u201cMedMen\u201d or the \u201cCompany\u201d) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced the Company has received a summary judgment in its favor on all counts in a lawsuit against Arizona-based Whitestar Solutions, LLC (\u201cWhitestar\u201d).\n<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20220523005960\/en\/662418\/5\/Medmen.LogoHorizontalRed.Reg.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20220523005960\/en\/662418\/21\/Medmen.LogoHorizontalRed.Reg.jpg\"><\/a><\/p>\n<p>\nIn March 2020, litigation was filed by Whitestar against MedMen in the Superior Court of Arizona, Maricopa County, related to a Membership Interest Purchase and Sale Agreement governing the purchase of EBA Holdings, Inc. dba MedMen Scottsdale. Whitestar alleged fraudulent inducement and breach of contract, among other claims, and sought rescission of the underlying transaction or $60,000,000 in alleged monetary damages. MedMen consistently maintained that the lawsuit and claims were baseless and without merit \u2013 and the judge agreed on all counts, cancelling the upcoming jury trial and stating that \u201cno reasonable juror could conclude that Whitestar is entitled to relief on any of those claims.\u201d The judge further ruled that as the prevailing party, MedMen is entitled to submit an application to recover attorneys\u2019 fees and taxable costs from Whitestar.\n<\/p>\n<p>\n\u201cWe\u2019ve always maintained MedMen\u2019s innocence in this matter, and are pleased to be formally exonerated,\u201d said Ed Record, MedMen\u2019s CEO. \u201cThis is yet another baseless lawsuit MedMen has been party to in recent years, and we remain committed to vigorously defending the Company and recovering attorneys\u2019 fees when possible.\u201d\n<\/p>\n<p>\nMedMen is represented by Jennifer Catero and Steven Jerome of Snell &amp; Wilmer in this matter.\n<\/p>\n<p>\nSeparately, the Company announced Tyson Rossi, Chief Strategy Officer, is leaving MedMen, effective June 3, 2022. Moving forward, the role will be filled internally.\n<\/p>\n<p>\n\u201cWe thank Tyson for his leadership and contributions to MedMen,\u201d said Record. \u201cWe wish him all the best in his future endeavors. We are also thankful to have a strong bench of talent to fill these openings.\u201d\n<\/p>\n<p>\n<b>ABOUT MEDMEN:<\/b>\n<\/p>\n<p>\nMedMen is a premier American cannabis retailer with an operational footprint in California, Nevada, Illinois, Arizona, Massachusetts, and Florida. MedMen offers a robust selection of high\u2010quality products, including MedMen\u2010owned brands MedMen Red and LuxLyte through its premium retail stores, proprietary delivery service, as well as curbside and in\u2010store pickup. MedMen Buds, an industry\u2010first loyalty program, provides exclusive access to promotions, product drops and content. MedMen believes that a world where cannabis is legal and regulated is safer, healthier, and happier. Learn more about MedMen at <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.medmen.com&amp;esheet=52728572&amp;newsitemid=20220523005960&amp;lan=en-US&amp;anchor=www.medmen.com&amp;index=1&amp;md5=2432ccc6c7b3db8a5ecbcc5d8c2f4e4f\" rel=\"nofollow noopener\" shape=\"rect\">www.medmen.com<\/a>.\n<\/p>\n<p> <b>Contacts<\/b> <\/p>\n<p>\n<b>MedMen Media Contact:<br \/>\n<br \/><\/b>Lisa Weser, <a target=\"_blank\" href=\"&#109;&#x61;&#x69;l&#116;&#x6f;:&#77;&#x65;d&#77;&#x65;n&#64;&#x54;&#x72;&#97;&#x69;&#x6c;b&#108;&#x61;z&#101;&#x2e;c&#111;\" rel=\"nofollow noopener\" shape=\"rect\">M&#101;&#x64;&#x4d;&#x65;n&#64;&#x54;&#x72;&#x61;i&#108;&#x62;&#x6c;&#x61;z&#101;&#x2e;&#x63;&#x6f;<\/a><\/p>\n<p><b>MedMen Investor Relations Contact:<br \/>\n<br \/><\/b><a target=\"_blank\" href=\"mailto:Investors&#64;MedMen&#46;&#99;&#111;&#109;\" rel=\"nofollow noopener\" shape=\"rect\">&#73;&#x6e;v&#101;&#x73;t&#x6f;&#x72;&#115;&#x40;M&#101;&#x64;M&#101;&#x6e;&#46;&#x63;o&#109;<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Judge rules in MedMen\u2019s favor on all counts, opens the door for MedMen to recover attorneys\u2019 fees Separately, the Company announces departure of its chief strategy officer LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;MedMen Enterprises Inc. (\u201cMedMen\u201d or the \u201cCompany\u201d) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced the Company has &#8230; <span class=\"more\"><a class=\"more-link\" href=\"https:\/\/pharma-trend.com\/en\/medmen-prevails-in-lawsuit-against-arizona-based-whitestar-solutions\/\">[Read more&#8230;]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-44241","6":"format-standard","7":"category-industry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MedMen Prevails in Lawsuit Against Arizona-Based Whitestar Solutions - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/medmen-prevails-in-lawsuit-against-arizona-based-whitestar-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MedMen Prevails in Lawsuit Against Arizona-Based Whitestar Solutions - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"Judge rules in MedMen\u2019s favor on all counts, opens the door for MedMen to recover attorneys\u2019 fees Separately, the Company announces departure of its chief strategy officer LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;MedMen Enterprises Inc. 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(\u201cMedMen\u201d or the \u201cCompany\u201d) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced the Company has ... 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