Former general counsel will receive $850K for alleged defamation by his onetime employer

Mess with your former general counsel and you may end up getting the horns:

“A former general counsel will receive $850,000 as a result of a lawsuit that contended his former company defamed him in a statement that wrongly implied he was replaced as a remedial measure in a penny stock probe. Jurors in Hennepin County, Minnesota, awarded the lawyer, Chet Taylor, $600,000 in compensatory damages, and the company agreed on Friday to pay $250,000 to resolve a pending punitive damages claim..”

Read: Former general counsel will receive $850K for alleged defamation by his onetime employer at the American Bar Association

* Like this? Click here to get our weekly email featuring in-house news, jobs and announcements *

Do NOT follow this link or you will be banned from the site!