- Associated Press - Monday, May 11, 2015

DETROIT (AP) - A judge has upheld an arbitrator’s ruling that Compuware must pay $16.5 million to the company’s co-founder and longtime CEO after he was fired in 2013 from a consulting job.

The Detroit Free Press reports (https://on.freep.com/1zVF42r ) Wayne County Circuit Court Judge Daniel Ryan ruled Monday in the case involving Peter Karmanos Jr., who was stripped of vested stock options with the software and services business.

Ryan ruled that Compuware had no basis to second-guess, modify or vacate arbitrator Gene Esshaki’s decision in February to award the money to Karmanos.

Compuware could appeal again to a higher court. The company’s attorney Samuel Damren declined comment to the newspaper after Ryan’s ruling.

E. Powell Miller, one of Karmanos’ attorneys, says a further appeal would be frivolous.

___

Information from: Detroit Free Press, https://www.freep.com


Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide