Bank cites TARP to avoid paying ‘golden parachute’ 
By
Published: March 18, 2013
Tags: Banks & Banking, Federal Courts, Judge Mark Davis
A bank’s ex-CEO who seeks severance pay lives to fight another day after a Norfolk federal judge rejected the bank’s preemptive strike.
When Scott C. Harvard demanded the severance payment, Shore Bank, his former employer, filed suit in federal court seeking a declaratory judgment that it was not liable for severance pay under controlling federal law.
Shore ...
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