SAN FRANCISCO — A San Mateo jury has rejected a Silicon Valley businessman’s fraud and breach of contract claims against New Jersey hardware manufacturer PNY Technologies Inc.
The jury found PNY had a right to fire Silicon Valley Solutions Inc. CEO Lorenzo Salhi after acquiring his company, because Salhi failed to perform his job duties. Salhi is not entitled to the $1 million left on his contract, jurors decided, following a seven-day trial in San Mateo County Superior Court.
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