Marilynn Martin also alleged that the company fired women in management to replace them with inexperienced men.
A former executive of Colorado-based Benuvia Therapeutics is being suing the company for wrongful termination, claiming she was fired the company fired for calling out questionable financial transactions at the company.
Marilynn Martin was hired in April 2021 by Next Frontier Brands as its chief business development and integration officer. Then in December that year, Next Frontier acquired Benuvia Therapeutics and Martin was named as its chief of staff and chief business development and integration officer. Martin reported directly to Benuvia Therapeutics’ CEO, Dr. Sud Agarwal.
In Martin’s complaint, she said she emailed Agarwal and Benuvia Therapeutics’ in-house assistant legal counsel, Marie Aucoin, in March 2022, to call attention to numerous, serious improprieties that generally involved inadequate financial controls and the likely misappropriation and misapplication of Benuvia Therapeutics’ corporate funds and other assets.
In particular, Martin alleged that Shannon Soqui, who held himself out as Benuvia Therapeutics’ “executive chairman,” had instructed Benuvia Therapeutics’ vice president of finance, James Doroz, to wire $60,416.67 to Cannabis Business Resources to repay a loan made to Next Frontier Holdings, rather than using those funds for Benuvia Therapeutics’ legitimate business expenses.
She also made the following allegations, among others, in the...
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