Jeff Horst (left) and Josh McLaurin of Krevolin & Horst, Atlanta. (Courtesy photos)
A JAMS arbitrator said Exide Technologies had no basis to claim it fired its former CEO "for cause" and must pay him more than $4 million in severance, fees and interest.
March 06, 2020 at 11:03 AM
1 minute read
staff reporter
The former CEO of a Georgia auto battery manufacturing company has asked a Fulton County judge to enforce an arbitration award of more than $4 million in severance pay, interest and fees as well as shares of company stock, after he was ousted in 2018.
The arbitration award said Victor Koelsch’s termination from Exide Technologies was a pretext contrived by a company facing a “liquidity crisis” and looking to save millions by falsely claiming he was fired for cause.
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