Chapter 24 - Lenora sues the company
Sentencing did not end everything.
Lenora sued Mercer Commercial Group.
Claims:
Wrongful removal as chair.
Withheld compensation.
Improper offset of her legitimate advances.
Violation of shareholder agreement.
My first reaction was:
Of course.
Then her lawyers produced one strong argument.
The board had suspended certain quarterly director compensation before formally invoking the contract’s misconduct provision.
Timing mattered.
Independent counsel advised settlement on that narrow issue.
Lenora was owed:
$36,000
in pre-suspension compensation.
She also owed:
Far more in civil restitution and accounting adjustments.
We paid the amount into the civil settlement calculation rather than pretending she had no rights.
Her broader wrongful-removal claim failed.
The shareholder agreement allowed removal from chair position by board vote.
She kept her shares.
No voting exile beyond ordinary conflict restrictions.
Then civil settlement:
Lenora agreed to repay the company an additional:
$129,000
beyond criminal restitution credits, representing certain audit costs and unsupported benefits under negotiated allocation.
No double recovery.
No taking her home.
No seizing all her retirement.
She sold investments to fund part.
May you like
Payment schedule for remainder.
The active financial conflict finally narrowed.
