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Former debt company CEO alleges wrongful discharge in Michigan

On Behalf of | Apr 1, 2016 | Wrongful Termination |

Employees in Michigan from a wide variety of jobs can all be confronted with an unexpected dismissal. In some of these cases, the loss of employment might not have to do with any work-related issue and factors revolving around competence, but for other reasons such as retaliation. When a person believes that wrongful termination has taken place, the person has a right to seek to be compensated by the employers for the wrong that was done.

A woman who had worked for a debt solutions company for 35 years recently filed a lawsuit because of the company’s decision not to renew her contract. The 61-year-old had worked for this particular company and its predecessor. She was named the president and CEO in 1997. In her filing, she states that her contract was breached and there was a wrongful discharge. She alleges that the company rose in its revenue from nearly $9 million in her first year at the helm to $40 million by 2014.

She also says that the board of directors were in the process of negotiating a new contract, but the general counsel and an outside legal representative told her that she should not speak to an attorney for advice about the contract. Her lawsuit alleges that she was fired because she had concerns about the incentive bonuses in her new contract. She wants damages for what she has gone through personally and also seeks two years pay at more than $400,000 annually.

Whether a person has worked at a job for an extended period in a position of power or was on the lower levels of the workforce, it is important to remember that everyone has rights. The employment laws are in place to provide protection to everyone from the top of the corporate ladder all the way to the bottom. When a worker believes that their employer violated employment laws, it is important for the person to fight for their rights by speaking to a lawyer and moving forward with a legal claim.

Source:, “Greenpath Debt Solutions names Holt CEO; former chief sues over severance,” Marti Benedetti and Chad Halcom, March 17, 2016


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