02:40 PM EDT, 06/28/2024 (MT Newswires) -- FSD Pharma's ( HUGE ) former board chairman and chief executive owes more than $2.2 million, plus interest, to the company, after a federal court confirmed a November 2022 arbitration award.

Former FSD Pharma ( HUGE ) CEO Raza Bokhari was fired in July 2021, following an internal dispute over a prospective acquisition. Bokhari challenged the termination in US federal court in Pennsylvania as well as arbitration in Ontario, where FSD Pharma ( HUGE ) is based.

The damages award, confirmed by the US District Court for the Eastern District of Pennsylvania, includes nearly $570,000 in proceeds from FSD Pharma ( HUGE ) class B stock sale, almost $329,000 paid to former US Senator Rick Santorum using company funds, and reimbursing $70,000 he paid for four personal flights.

FSD Pharma ( HUGE ) shares were nearly 5% higher in recent trading Friday.

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