Coty Can't Nix Contract Claims In Spat With Ex-CFO

Law360, New York (December 18, 2009, 5:21 PM EST) -- A federal judge has denied Coty Inc.'s bid for summary judgment on its former chief financial officer's breach of contract allegations claiming he deserves about $11 million for options vested shortly before he was fired, instead of half that amount, while tossing the executive's promissory estoppel claim at the fragrance maker's request.

Judge Shira A. Scheindlin kept Michael Fishoff's breach of contract claims alive in the U.S. District Court for the Southern District of New York on Wednesday, saying that while the company's stock incentive plan...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.