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McDonald's Board Sued Over Ex-CEO's Affair Scandal Losses
ADVERTISEMENT ADVERTISEMENT McDonald's Board Sued Over Ex-CEO's Affair Scandal Losses Law360 (April 21, 2021, 9:40 PM EDT) -- The Teamsters have sued nine McDonald's board members in Delaware's Chancery Court, accusing them of breaching their fiduciary duty when they allowed former McDonald's CEO Stephen Easterbrook to waltz off with a separation package purportedly worth $56 million after being fired for having an improper relationship with a subordinate. Teamsters Local 237 Additional Security Fund and two affiliates lobbed a shareholder derivative lawsuit late Tuesday accusing certain boa...
Source: law360.com
Delaware Court Preserves McDonald's Right to Seek Clawback of Ex-CEO's Severance Benefits | Blank Rome LLP
A recent decision by the Delaware Chancery Court in the clawback litigation between McDonald’s Corporation and its former CEO highlights the meaning and impact of a common contractual...
Source: jdsupra.com
Ex-McDonald CEO Can't Ax Clawback Suit Over Worker Affairs
A Delaware vice chancellor refused Tuesday to toss McDonald's Corp.'s lawsuit seeking to claw back more than $32 million in equity and severance benefits paid to former CEO Stephen Easterbrook, who allegedly had relationships with several subordinates, rejecting Easterbrook's arguments that the case is insufficiently pled and belongs in Illinois.
Source: law360.com
Judge refuses to toss McDonald's lawsuit against former CEO
DOVER, Del. (AP) — A Delaware judge has denied a request by former McDonald’s CEO Stephen Easterbrook to dismiss a lawsuit the company filed against him after he was ousted
Source: gjsentinel.com