Severance

Businessman Wins $1.7 Million in High-Stakes Legal Battle Over Severance Conspiracy Claims

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St. Louis, Missouri — A St. Louis jury awarded businessman Scott Roy over $1.7 million in a protracted legal battle against his former employer, Bull Moose Tube Company (BMT), after a counterclaim was dismissed that accused him and other executives of extracting money through unauthorized severance agreements. The conflict unfolded over four years of litigation associated with breach of contract claims by Roy and six other former executives of BMT. These executives sought enforcement of lucrative severance packages allegedly totaling $7.8 million. While six of the claims were settled out of court, Roy chose to … Read more

Former Freshfields Partner Receives €2mn Severance Pay for Involvement in Multiyear Dividend Tax Fraud: Exclusive Report

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Frankfurt, Germany – A former partner at international law firm Freshfields Bruckhaus Deringer has been sentenced to three-and-a-half years in jail for his involvement in a multiyear dividend tax fraud. The partner, Ulf Johannemann, reportedly received over €2 million in severance pay when he left the firm by mutual consent in late 2019, following his arrest in connection with the case. The severance package, which exceeded Johannemann’s annual salary of €1.9 million, was previously undisclosed. Johannemann’s conviction came as a result of his endorsement of share-swapping deals that deceived German tax authorities into refunding dividend … Read more