“Chainsaw” Albert Dunlap took another bite out of Sunbeam Corp. when Chancellor William Chandler ordered the small-appliance manufacturer to advance $1.4 million in legal fees to its fired chairman and ousted vice chairman Russell Kersh.
Dunlap and Kersh sued Sunbeam in Chancery Court in March claiming the company was bound by its bylaws to advance legal payments in actions linked to their tenure as Sunbeam officials. The Florida-based company fired the pair after Dunlap, known for quick turnarounds of troubled companies, got Sunbeam into more financial trouble.
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