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The U.S. District Court for the District of Massachusetts has refused to reform a severance agreement entitling former executive to a $10.2 million severance payment, finding that the employer failed to establish the existence of a mutual mistake as to the severance payment amount. United States District Court of Massachusetts SUMMARY: (court decision – opens in PDF) “Dahua Technology USA Inc.
Massachusetts court finds employer mistake in severance agreement entitles employee to substantial severance payments. United States District Court District of Massachusetts SUMMARY: (court decision – opens in PDF) “Dahua Technology USA Inc. (‘Dahua’), a subsidiary of Zhejiang Dahua Technology Co., Ltd. (‘Zhejiang’), brought this action against Feng Zhang to reform an agreement terminating Zhang’s executive-level position at Zhejiang (the ‘Release
The U.S. District Court for the District of Massachusetts has refused to reform a severance agreement entitling former executive to a $10.2 million severance payment, finding that the employer failed to establish the existence of a mutual mistake as to the severance payment amount. United States District Court of Massachusetts SUMMARY: (court decision – opens in PDF) “Dahua Technology USA Inc.
Massachusetts court finds employer mistake in severance agreement entitles employee to substantial severance payments. United States District Court District of Massachusetts SUMMARY: (court decision – opens in PDF) “Dahua Technology USA Inc. (‘Dahua’), a subsidiary of Zhejiang Dahua Technology Co., Ltd. (‘Zhejiang’), brought this action against Feng Zhang to reform an agreement terminating Zhang’s executive-level position at Zhejiang (the ‘Release
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