GenCanna Bankruptcy Halts Ex-CFO's Labor Complaint

Law360 (July 30, 2020, 8:28 PM EDT) -- A former executive at bankrupt hemp company GenCanna can't bypass the creditor claims process to pursue his former employer for severance he claims he is owed after he was forced out for uncovering fraud, a judge said Thursday.

Former GenCanna Chief Financial Officer Mark Stegeman will have to get in line with the rest of the unsecured creditors to recoup the $1.5 million in severance pay he says he was denied, U.S. Bankruptcy Judge Gregory Schaaf said. The judge denied Stegeman's request for relief from the bankruptcy stay to appeal the dismissal of his whistleblower complaint before the Department of Labor....

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