Former exec sues over missed severance payment — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Former exec sues over missed severance payment

by on
in Firing,Human Resources

Tim Murnane left real estate development firm Opus Northwest in June 2009 after negotiating a $2 million severance package to be paid out over 10 years. Murnane took a new position with St. Louis-based Clayco Inc., another developer in the Twin Cities area.

All was going well until March, when a scheduled $79,266 payment from Opus failed to arrive in Murnane’s mailbox.

Allegedly he received a letter from Opus President John Solberg stating he was sorry that Opus Northwest failed to make the payment on time and explained that no further payments would be made on the severance package.

Murnane filed suit in Hennepin County District Court to force Opus to live up to its contractual obligations

Leave a Comment