United States Sixth Circuit

Golden parachutes are not unlawful, per se, simply because they are excessive and have a gross-up feature to compensate the recipient for any tax penalty, but district court committed clear error by counting certain incentive payments made in respect of more than two years.

Appellate Information

• Argued 03/09/2000
• Decided 02/02/2001
• Published 02/02/2001

Judges

• Before:  NELSON, BOGGS, and NORRIS, Circuit Judges.

Court

• United States Sixth Circuit

Counsel

• For Appellees:
  
• Jef Feibelman,Burch, Porter & Johnson, Memphis, TN, Richard L. Fenton (argued and briefed), Lori Anne Ward (briefed), Sonnenschein Nath & Rosenthal, Chicago, IL, for Plaintiffs-Appellees., Daniel H. Bromberg (briefed), Robert H. Klonoff (argued and briefed), Jones, Day, Reavis & Pogue, Washington, DC, Bruce S. Kramer (briefed), Jeffrey C. Smith (briefed), Borod & Kramer, Memphis, TN, for Defendant-Appellant.