A Stamford Superior Court jury has awarded the former treasurer of an investment advisory firm $4.15 million plus interest and fees for not meeting a contractual obligation to buy him out after he gave notice he was leaving the firm.
“He was entitled to have his equity interest,” said Rechen, a partner with McCarter & English in Hartford. “There were a plethora of emails that showed they were searching for a way to get out from under this obligation, and they ultimately concluded that the way to do this was to amend the agreement after he gave notice.”