A severance package, also known as a severance agreement, is a contract made by a departing employee and their employer. In the agreement, the employee agrees not to sue their employer for wrongful termination. In exchange, the employer gives the employee a severance...
Seasoned Trial Attorneys,
Corporate governance
Negotiating an executive severance package
Not all parachutes are golden. If you are an executive facing separation from your company, you can often negotiate a better severance package than the one you're initially offered. If you have risen to the executive level with one single company, you may not be aware...
Lawsuit illustrates what directors and officers can face, part 2
In part 1 of this post, we talked about the fiduciary duties of corporate directors and officers. In part 2, we provide an example of the kinds of lawsuits these fiduciaries can face. Allegations against directors and officers of a California-based company A...
Directors and officers as fiduciaries are always under scrutiny, part 1
In both a private or public corporation, a director or officer has a fiduciary duty to the company and its shareholders to be loyal to the business, to act in good faith and with honesty and care in carrying out their responsibilities, and to act in the corporation’s...