Reckitt, Ex-Exec Strike Deal Over 'Phony' $6M Severance

Law360, New York (February 19, 2014, 5:59 PM EST) -- Reckitt Benckiser LLC settled a contract-breach suit brought by a former executive alleging the health and hygiene products giant pushed him out of the company after offering a $6.1 severance package it never intended to pay, according to a New Jersey district court order on Tuesday.

U.S. District Judge William J. Martini signed off on plaintiff Vincent Crepy and Reckitt's stipulated dismissal of the case without prejudice, with each party bearing its own costs. The settlement terms were not made public, and attorneys for the parties...
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