Nitin Khanna has made new accusations that raise the stakes in a countersuit against Boris Jordan to more than $1.5 billion.
The two cannabis entrepreneurs, among the nation’s most successful, are involved in a tangle of claims and counterclaims stemming from their complex business dealings.
In the latest development, filed last week in Multnomah County Circuit Court, Khanna charges that Jordan provided sensitive cost information about Cura Partners to a California competitor of the Portland cannabis oils company that Khanna led.
Jordan’s alleged aim was to damage Cura and drive down the price that Curaleaf Holdings, where Jordan was and is executive chairman, would pay Khanna and his partners in what began as a nearly $1 billion acquisition deal.
The amendment to a counterclaim filed in May argues that fraud and coercion by Jordan and associates invoke the state’s Racketeer Influenced and Corrupt Organizations Act, known as RICO.
That law allows for treble damages, turning Khanna’s original $515 million counterclaim into one asking for more than $1.5 billion.
Curaleaf rejected the accusations against Jordan.
“Curaleaf cannot comment on pending litigation other than to state that we believe the allegations and the suits to be baseless, and clearly a desperate attempt to distract stakeholders from Mr. Khanna’s well documented personal and business challenges,” the company said in an emailed statement. “The amended complaint does not change...
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