The Day - Attack built on rage over corrupt system - News fr

The Day - Attack built on rage over corrupt system - News from southeastern Connecticut


Published January 12. 2021 5:13PM 
Robert Byron
In 1984, I worked for a law firm in Boston. We represented self-insured clients in Workers’ Compensation cases. I settled out one case for $10,000, which was within my authority and, in my opinion, a good deal for the client, Grossman’s Lumber.
I notified my client, but later received a letter from the home office denying the settlement. I wrote back explaining that I had reached a good-faith settlement with opposing counsel and the company should honor it. It was a matter of trust and credibility.
Shortly thereafter, I was fired. My supervising attorney told me that a Grossman’s honcho was affronted by my use of the term “good faith.” He said if I wasn’t fired, Grossman’s would take its business elsewhere. I came to learn, though, that Grossman’s had been bought out by Victor Posner, the reviled corporate raider. He was stripping the company of its assets and keeping the cash. Grossman’s later went into bankruptcy.

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