#8 - $4 million
The United Company v. Keenan
Type of Case: Oral contract
Court: U.S. District Court, Abingdon
Attorneys: W. David Paxton, Roanoke; Thomas F. Cullen, Washington, DC
Summary: The United Company contended that Jeffrey J. Keenan, its former president and chief operating officer, should repay a $10 million bonus because he was required to remain with the company for five years after receiving the money, and he left less than 18 months later.
The case was settled earlier this month under confidential terms.
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IMPORTANT OPINIONS
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