Va. Lawsuits Question Tarp Control Over Severance Pay

Peters, Andy
August 2012
American Banker;8/29/2012, Vol. 177 Issue 134, p1
Trade Publication
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.


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