Doe Employee v. ABC Corporation
The plaintiff was hired to manage some of the defendant's business interests in California. In exchange for relocating, the plaintiff was orally promised an equity position in the company in the form of stock options in addition to a written contract of employment. During the term of employment, the plaintiff was terminated. There were claims for wrongful termination and to enforce the promise of stock options, among others.
The matter was arbitrated over a period of several weeks during which the arbitrator issued key decisions. Thereafter, the case settled for $2.5 million.
Resolution: $2.5 Million
