CV Sciences initiates arbitration against former legal counsel Procopio over faulty RSU tax advice

CV Sciences, Inc.

Arbitration filed Feb 12, 2025; claims Procopio provided incorrect tax advice on CEO Mona's RSU settlement.
Shares valued >$13M were issued to Mona without tax withholding based on Procopio's guidance.
Procopio later reversed its advice and terminated representation on Jan 10, 2025.
Company seeks damages including fees and expenses from reliance on the faulty advice.
Lack of withholding has been disclosed in SEC filings since Q1 2019 and led to prior litigation.

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