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Founder of company files wrongful termination lawsuit

The founder of a pharmaceuticals company has filed a wrongful termination lawsuit against the company itself as well as its board of directors.

The lawsuit, which was filed in Hillsborough County, Florida, claims that the man was terminated from his position after he expressed his feelings on corporate wrongdoings and attempted to have the director of the board removed.

The man made a long list of claims against the board, including a breach of fiduciary duty, breach of implied contract, gross corporate mismanagement, excessive self-compensation and various other forms of misconduct.

More specifically, he says that the director was part of a tax fraud scheme in which he designated personal expenses for business, while also failing to withhold Social Security taxes and FICA for employees.

As the man continued to ask other board directors for financial information and related details, while also insisting that the illegal activity comes to an end, he believes they began to look into ways to remove him from the company and taking back more than 2 million shares of stock.

In the lawsuit, it claims that the action was retaliatory and a violation of Florida’s Whistleblower Act, 448.102(3).

It doesn’t matter if a person is the founder of a company or lower on the totem pole, nothing changes the fact that they have rights that are protected by both federal and state laws when it comes to the Whistleblower Act.

When people believe they have been wrongfully terminated or discriminated against for any reason, they may wish to take the first steps in learning more about their legal rights and how to receive compensation.

Source: Washington Examiner, “Founder of cannabis-based pharmaceuticals company files wrongful termination, derivative suit” Dec. 02, 2014

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