Tilray is accused of moving the liability for the Marley licensing payments into an empty business entity.
The Bob Marley estate has filed an $11.3 million lawsuit against the global cannabis company Tilray Brand Inc., Bloomberg Law reports.
Marley Green LLC claims that Tilray and its partners owe licensing royalties for the Marley Natural brand. The lawsuit, filed March 27 in Delaware, alleges that Tilray engaged in a “scheme to defraud” to avoid its financial obligations to the estate. The estate claims that after Tilray acquired Privateer Holdings, the original partner, in 2019, the company engaged in a fraudulent transfer by structuring corporate entities to shield assets.
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