John Boehner, former speaker of the House of Representatives from 2011 to 2015, backed out of a deal to join a marijuana lobbying group after he allegedly stole talking points from another lobbyist, an explosive lawsuit claims, reported the New York Post.
Boehner signed an agreement in March 2018 to become co-chair of a marijuana legalization group called The 10th, after the 10th Amendment of the US Constitution. However, in 2019, Boehner announced he was launching a new group called the National Cannabis Roundtable.
The law firm Squire Patton Boggs, where Boehner is a partner, was a strategic adviser on the project, according to the suit filed against both Boehner and the firm by 10 Campaign’s founder, James Pericola in the Superior Court for the District of Columbia.
Pericola alleges that Boehner’s group, which went on to become a lucrative business, cut him out of its profits despite it being nothing more than a “repackaged version” of his own.
Pericola sent the firm proprietary materials after the parties signed non-disclosure agreements, according to the suit.
As of early April 2018, the group had assembled promotional materials to launch the 10 Campaign with Boehner as co-chair, the suit alleges.
Photo By KARIM KADIM-AP.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.