A Cibola County jury this month awarded a business consultant more than $104 million after it found that the New Mexico-based cannabis producer Bright Green Corp. wrongly deprived him of 5 million shares in the company.
The jury handed down its verdict on Nov. 4, finding that the company's CEO had tried to claw back the shares initially given to John Fikany, a Michigan business consultant, to secure a lease agreement with Acoma Pueblo and federal approvals for a massive medical cannabis growing operation near Grants.
Fikany's attorney, Eric Sirotkin, called the $104.6 million jury award the largest employment-related verdict ever awarded in New Mexico. Sirotkin also said that the value of the shares shot up after Bright Green withdrew Fikany's ownership of the stock, with the price ultimately peaking at $58 a share.
Fikany claimed that after he negotiated the lease agreement with Acoma Pueblo and secured approval with the Bureau of Indian Affairs, the deal fell through "due to additional, unagreed-upon demands" made by the company's principals.
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