Former Mace CEO Snags $4M Over Wrongful Firing

Law360, New York (May 5, 2010, 3:10 PM EDT) -- The ex-CEO of personal defense product maker Mace Security International Inc. has pulled down more than $4 million in arbitration over his claims that he was wrongfully ousted by the company's board of directors.

A three-member arbitration panel of the American Arbitration Association ruled that the board wrongfully terminated Louis D. Paolino Jr. as the company’s CEO for alleged willful misconduct in May 2008.

The panel ruled that Paolino did not commit any acts of willful misconduct, denied the company’s counterclaims and awarded Paolino his full...
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