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Punitive damages reversed for unpaid bonus (access required)

A company president’s letter promising a retention bonus to employees who stayed on after a stock sale could not support a $200,000 punitive damage award against the company, the Supreme Court of Virginia said on Dec. 30. S.W. Rawls Inc., was a gasoline distributor in Suffolk, Smithfield and Southampton County. In 2010, its shareholders agreed to ...

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