Employees at Montana Firm Get $7.3M in Settlement awards
As many as 200 former employees of Vann’s Inc. will split $7.3 million under a settlement agreement in a lawsuit against former corporate officers.
The Missoulian reported that the notice of settlement of the employees’ lawsuit was filed in federal court in Missoula last week.
Employees had alleged that they lost $9.2 million due to gross mismanagement of the retail appliance store by former CEO George Manlove and former CFO Paul Nisbet.
Vann’s filed for bankruptcy in 2012 and is now defunct.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today