Following Heffernan’s suggestion, Bilzerian “jumped in as Chairman of the Board and said: ‘I’m going to be doing some summer pool parties and will utilize the house.’”
The day after the conversation occurred, Heffernan was fired from Ignite for supposedly using drugs during a company meeting. Heffernan’s lawsuit follows a Canadian Stock Exchange report showing staggering losses for the company, forcing company board members and shareholders to loan money to keep it afloat.
It remains to be seen whether Bilzerian will settle with Heffernan to avoid the PR nightmare of an ongoing lawsuit. For Bilzerian, who is a large Instagram influencer, public image is everything.
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