TITLE

Va. Lawsuits Question Tarp Control Over Severance Pay

AUTHOR(S)
Peters, Andy
PUB. DATE
August 2012
SOURCE
American Banker;8/29/2012, Vol. 177 Issue 134, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a lawsuit filed against Hampton Roads Bankshares by former employees who claim the company owes them money and is using the U.S. Troubled Asset Relief Program (Tarp), which prevents participating firms from making golden parachute payments, as an excuse to deny executives Eddie Campbell, Andy Davies Jr., and Jack Gibson their compensation. A case against Royal Bancshares of Pennsylvania is noted.
ACCESSION #
79547183

 

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