When Timothy J. Jeffrey left Florida's American Huts Inc., owner of 102 Pizza Huts in the U.S., he didn't do so quietly. After he was fired in December as president of AHI, Jeffrey barricaded himself in his office. The next day, AHI sued, claiming Jeffrey siphoned off at least $1.4 million in cash and unauthorized loan guarantees. The company is suing again, claiming that three weeks before he was fired, Jeffrey wrote a $200,000 corporate check to buy memberships for himself and his wife at a golf club.
March 06, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
When Timothy J. Jeffrey left the top post at American Huts Inc. in North Palm Beach, he didn’t do so quietly.
The president of the start-up, which owns 102 Pizza Huts in the southeastern United States, faced off on Dec. 12 against a board of directors that accused him of lying to and cheating the company and then fired him on the spot.
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