Jury Reaches $2.4M Decision In Booze Biz Pay Dispute
Law360 (June 21, 2018, 9:33 PM EDT) -- A Dallas County, Texas, jury reached a verdict Thursday that puts two ex-executives for liquor distribution giant Glazer’s Inc. in line to receive nearly $2.4 million as a result of a company merger under a “change of control” contract provision, according to their counsel.
The litigation relates to the 2016 merger of Glazer’s and Southern Wine & Spirits of America, which created the largest North American wine and spirits distribution company, according to the two family-owned businesses. Glazer’s former President Jerry Cargill and former CFO Cary Rossel, who had each worked for the company for decades, sued claiming they were being...
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