December 29, 2015

South Carolina judge awards $32.4 million in punitive damages in dispute over employee incentive plan

Moultrie News (of Mount Pleasant South Carolina) is reporting that a trial court has awarded $21.1 million in compensatory damages and $32.4 million in punitive damages to a group of current and former paper employees of ArborGen, Inc.  The plaintiffs claimed that, under an incentive program, they were entitled to $11.3 million in equity in ArborGen, but were given only $414,330 in equity.

The Post and Courier of Charleston has additional coverage