DISCLAIMER: Please note that every case is different and these verdicts and settlements, while accurate, do not represent what we may obtain for you in your case.
Unpaid wages to former president of company
$420,000 settlement for unpaid wages to former President of a company. A former President of a small company was terminated from position when the company was bought out by a group of investors. At the time of his termination, he was owed more than $130,000 in deferred compensation and other benefits. The company refused to pay our client his deferred compensation and a lawsuit was filed seeking, among other things, treble damages for willful failure to pay the deferred compensation. Before the case could go to trial, the company agreed to pay $420,000 as a settlement.