Cases & Deals

Manufacturer wins arbitration against former CEO

Clients Manufacturer

Jones Day successfully represented a manufacturer in its arbitration with its former CEO in which the CEO sought over $60 million in benefits or damages. After a lengthy trial, the arbitrator found that the CEO engaged in conduct that justified his termination for cause, thus prohibiting him from receiving substantial portions of his severance package. Among other things, the evidence acquired after the CEO’s termination showed that the CEO viewed pornography on company computers, posted inappropriate messages on social media, and engaged in other company violations.